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.


Similar News


9 Must-Do Tips to Find a Job ASAP

2 days ago - 16 March 2018 | Business

1. Update everythingYou might be in a time crunch, but it’s important to resist the urge to click ‘Apply’ for every open position you see...

Removal of bid security for tenders welcomed

2 days ago - 16 March 2018 | Business

The Namibia Chamber of Commerce and Industry (NCCI) northern branch has welcomed the recently announced exemption of bid securities – or bank guarantees – when...

How to Turn an Internship into a Full-Time Job

2 days ago - 16 March 2018 | Business

Of course, not every internship results in a job offer. But approaching each opportunity as if it could come with a bevy of career benefits....

Six ways to survive

2 days ago - 16 March 2018 | Business

As an introvert, surviving the corporate world can be nothing short of miraculous. Let's be honest, the introvert is not exactly celebrated in the corporate...

How to deal with dominant co-workers

2 days ago - 16 March 2018 | Business

Dominant people have a strong desire to take charge and get things accomplished their way. Although some people use their domineering attributes maliciously, many dominant...

Employers don’t believe in local graduates

3 days ago - 14 March 2018 | Business

52% of employers interviewed in a new study launched today, believe that Namibian graduates are poorly or very poorly trained for the job market. Only...

SA bullies smaller SACU members

4 days ago - 14 March 2018 | Business

Ndama Nakashole - Due to its failure to establish a unified tariff board, the Southern African Customs Union (SACU) is still utilising the services of...

Invest in technology, says Desert Fruit Namibia

4 days ago - 14 March 2018 | Business

Desert Fruit Namibia, a Namibian-registered private company producing dates and bulbs on the banks of the Orange River, recently showed off new technology in the...

Company News

4 days ago - 14 March 2018 | Business

Guptas lose bid to keep bank Baroda in SAJOHANNESBURG - A group of almost 20 South African companies linked to the Gupta family have lost...

GIPF may finance MTC buyout

5 days ago - 13 March 2018 | Business

The Government Institutions Pension Fund (GIPF) is in the process of conducting due diligence to help the government fund the planned acquisition of mobile service...

Latest News

Zuma to be charged...

1 day - 16 March 2018 | Politics

Former South African president Jacob Zuma will be prosecuted on 18 charges of corruption, the National Prosecuting Authority announced this afternoon. The charges include more...

Rogue driver doctor in holding,...

1 day - 16 March 2018 | Justice

Dr Yevai Chiradza, the suspended Otjiwarongo doctor who had a pending warrant of arrest issued against him last week Wednesday, in connection with a charge...

Entire Rehoboth council suspended

2 days ago - 16 March 2018 | Government

In a bold move, newly appointed urban and rural development minister Peya Mushelenga has dropped a bombshell by suspending the entire Rehoboth town council yesterday...

Defence splurges N$69m on farms

2 days ago - 16 March 2018 | Government

Revelations have come to the fore detailing how the Ministry of Defence splashed almost N$70 million on acquiring two farms last year.The defence ministry has...

Tug-of-war over spy agency job

2 days ago - 16 March 2018 | Government

The former director-general of the Namibia Central Intelligence Services (NCIS), Lucas Hangula, has been assigned specific tasks and will therefore stay put at the spy...

Annual inflation edges back

2 days ago - 16 March 2018 | Economics

Overall annual inflation in February was 3.5%, down from 3.6% the previous month. In February 2017, the overall rate was 7.8%. The main inflation categories...

Thousands leave civil service

2 days ago - 16 March 2018 | Government

Jo-Maré Duddy – More than 9 000 civil servants left the public service sector last year, most of them for unspecified reasons.That left 102 142...

9 Must-Do Tips to Find...

2 days ago - 16 March 2018 | Business

1. Update everythingYou might be in a time crunch, but it’s important to resist the urge to click ‘Apply’ for every open position you see...

A year of transformation

2 days ago - 16 March 2018 | Banking

First National Bank (FNB) Namibia appoints Rodney Forbes as the Executive Officer, Points of Presence. Rodney holds a Bachelor of Business Administration Honours degree. Octavia...

Load More