Sanlam supports upcoming businesses

17 March 2017 | Business

Sanlam Namibia has awarded five start-up businesses N$50 000 each to develop their businesses as part of the Sanlam Innovation Works competition.

The initiative by Sanlam Namibia, the Namibia University of Science and Technology and Namibia Business Innovation Institute (NBII) provides a platform for start-up businesses with viable business proposals to access funding for projects that address key issues in innovation.

A joint statement issued by the three partners on Wednesday said the five finalists were selected from over 80 entries received.

These start-ups are World Investments (Kaveto Tjaitjara), Forster Digital Education Group (Fimanekeni Mbodo and Abraham Ingo), Lomoshi Trading (Louis Eiman-Shipanga), Omuriro Firefighters (Peter Til), and Stec Leather (Nengo Angula).

The winners were announced on Monday.

The five finalists will receive mentorship and training from NBII and Sanlam Namibia in order to fast-track the establishment of their businesses.

The final winner will be awarded an additional N$25 000 at the awards ceremony in November.

Speaking to Nampa on Wednesday, Tjaitjara, co-founder of World Investments, said their business focuses on the manufacturing of toilets that are easy to install and dispose of human waste in an eco-friendly manner that conserves energy and water.

He said they came up with the idea after visiting relatives in rural areas and finding out that they relieved themselves in the bush.

“We have built a prototype, but at the moment we are building a big model that we will be able to showcase,” Tjaitjara said.

He said with the funds they received, it will take them two weeks to complete.

The Sanlam Innovation Works Competition started in 2015, when ten entrepreneurs received N$20 000 each.

NAMPA

Similar News

 

TransNamib business plan ripped apart

1 week ago - 06 October 2017 | Business

The TransNamib board has not found the going particularly easy as far as the planned implementation of its new strategic business plan is concerned. ...

Business survey for Ongwediva

1 week ago - 04 October 2017 | Business

Ongwediva residents have welcomed the town's business survey, saying that it will be a great step in ensuring that no unnecessary businesses are set up.The...

Epangelo lya ndopa okuningila oomina omakonaakono

2 weeks ago - 28 September 2017 | Business

ELLANIE SMIT Uule woomvula dha piti ngashiigeyi, omahala goomina moNamibia inaga ningilwa omakonaakono komalelo gomondjila, sheetitha okwaaha landula oompango dhomidhingoloko oshowo okweetitha eyonagulo komudhingoloko.Uuyelele mboka...

Stimulus sells Joe's Beerhouse property

3 weeks ago - 26 September 2017 | Business

OGONE TLHAGEStimulus has finalised the disposal of a Windhoek property on which Joe's Beerhouse is situated in compliance with the regulations of the Namibia Financial...

World in brief

3 weeks ago - 26 September 2017 | Business

German business confidence downConfidence among German businesses eroded slightly in September, a regular survey published yesterday found, reflecting uncertainty ahead of a general election on...

Oil holds gains as producers say market rebalancing

3 weeks ago - 26 September 2017 | Business

TOKYO - Oil prices stood little changed yesterday, keeping most of their gains from the previous session to hold near their highest levels in months,...

Letshego extends IPO, reduce price offer

3 weeks ago - 25 September 2017 | Business

Investors keen to get their hands on Letshego Namibia Holdings' shares before the company lists on the Local Index of the Namibian Stock Exchange (NSX)...

NamBrew puts 'prost!' back into Local Index

3 weeks ago - 25 September 2017 | Business

Jo-Maré DuddyInvestors were thirsty for Namibia Breweries Ltd's (NBS) shares last week and were willing to fork out for it.As such, NamBrew was the undisputed...

Association for metal fabrication formed

3 weeks ago - 25 September 2017 | Business

The First Namibian Association of Metal Fabrication (NAMF) to drive the implementation of the growth strategy until 2020 was introduced last week.The formation of the...

Africa Briefs

3 weeks ago - 25 September 2017 | Business

Nigerian banks below minimum liquidity ratioFour Nigerian banks are operating with too many non-performing loans on their books and with liquidity ratios below the minimum...

Latest News

Bloody weekend for our women...

20 hours ago | Crime

A 30-year-old man is behind bars after he allegedly killed his ex-girlfriend by hacking her to death in Kavango West on Sunday, while Kavango East...

Teachers' demo on for today

20 hours ago | Labour

Teachers are determined to stage protests today to express their frustration with the ministry's delay in publishing the vacancy bulletin for next year.This protest action...

NEFF blames councils for failed...

20 hours ago | Politics

ILENI NANDJATOThe Namibian Economic Freedom Fighters (NEFF) blame local authorities for the failure of their grandiose N$3 billion housing scheme.The party says local councils did...

Take it slow

20 hours ago | Education

We often hear people tell us we should “let go” when we are faced with obstacles or disappointments in life. For me personally letting go...

Namibia's hunger pangs lessen

20 hours ago | Economics

Good progress has been made over the past 25 years to reduce Namibia's hunger levels by 27%, the Global Hunger Index shows.According to the latest...

Staying fit and healty

20 hours ago | Life Style

Capoeira is a form of martial arts with roots in Africa and Brazil. It encompasses dance, combat, music and rhythm and it is slowly becoming...

Namibia looking towards space

20 hours ago | Education

Namibia has the potential of becoming a role player that would contribute towards space exploration and astronomy in the future. This was said by Dr...

A barber a call away

20 hours ago | People

Entreprenuers are always seeking ways to improve the way they deliver their services to their customers. One such entrepreneur is Haikali Ndatulumukwa who has started...

New minimum wage for farmworkers

20 hours ago | Labour

The minimum wage for farmworkers has been increased by 25% and will come into force on 1 November this year. This follows successful negotiations...

Load More