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

 

Easy Christmas shopping at Maerua Mall

20 hours ago | Business

Maerua Mall has got you covered this summer, with its great mix of retail outlets to suit every taste and pocket, fun and exciting holiday...

No loading-shedding under Harambee

20 hours ago | Business

There has been no load-shedding since the start of Harambee Prosperity Plan (HPP), the economic adviser in the Office of the Presidency, John Steytler, has...

Hotel Thule awards best employee

20 hours ago | Business

Hotel Thule last week awarded the hardworking Selma Kamelo as its employee of the year. Kamelo was recognised for her commitment and loyalty by the...

Bundesbank sees German growth slowing beyond 2018

20 hours ago | Business

Germany's central bank raised growth projections on Friday, arguing that the economy will continue to enjoy an export-driven boom, even if its rate of expansion...

Racist email causes a stir

3 days ago - 15 December 2017 | Business

A local IT company yesterday said it has launched an investigation over racial comments expressed in an email communication between a manager and a subordinate.The...

CRAN holds hearing on fair competition

3 days ago - 15 December 2017 | Business

STAFF REPORTER The Communications Regulatory Authority of Namibia (CRAN) recently hosted a public consultative meeting pertaining to regulations to provide...

Namibia participates in global business accelerator

3 days ago - 15 December 2017 | Business

STAFF REPORTERFABlab Namibia and the winners of the 2017 #pitchnightnam competition attended the global impact accelerator at the renowned SLUSH conference in Helsinki, Finland last...

Renewable energy in vogue

3 days ago - 15 December 2017 | Business

STAFF REPORTERIn line with the New Deal on Energy for Africa, the African Development Bank has approved US$324 million in loan support to two renewable...

South Korea plans shift to renewables

3 days ago - 15 December 2017 | Business

NAMPA/REUTERS South Korea aims to expand the share of renewables and also natural gas in its fuel mix to gradually...

Okombahe bakery now operational

4 days ago - 14 December 2017 | Business

A bakery project started for youth empowerment at Okombahe in Erongo Region started operating on Wednesday. Speaking to Nampa upon enquiry on Friday, bakery...

Latest News

Namcor probes Mulunga

7 hours ago | Energy

The Namcor board has commissioned accounting firm Deloitte to conduct a forensic investigations against MD Imms Mulunga. The investigation against Mulunga will start immediately. Mulunga...

Namcor suspends Mulunga – report...

7 hours ago | Energy

Namcor has suspended its managing director Imms Mulunga as well as IT executive Bonny Konjore, the state-owned New Era reported this afternoon. The suspension, which...

Geingob congratulates CR17 ...

20 hours ago | Politics

President Hage Geingob has congratulated new ANC leader Cyril Ramaphosa shortly after winning the leadership contest of South Africa’s ruling party. Ramaphosa defeated rival Nkosazana...

Military spending remains high

20 hours ago | Government

ELLANIE SMIT Military spending in Namibia has more than doubled in the past decade - from about N$2.8 billion...

Youngest governor humbled by appointment

20 hours ago | Government

At the age of 29, Outjo mayor Marius Sheya has been appointed regional governor of Kunene, making him the youngest person to hold the position...

Players on edge as Warriors...

20 hours ago | Sports

The national football team qualified for the championship for the first time in years after beating Comoros 2-1 at the Sam Nujoma Stadium in Windhoek...

TUN wants NSFAF top brass...

20 hours ago | Education

The Teachers Union of Namibia has welcomed the government's decision to reintegrate the Namibia Students Financial Assistance Fund (NSFAF) into the higher education ministry. ...

Farmers pushed to the brink

20 hours ago | Agriculture

Crop farmers at the Olushandja Dam in the Omusati Region have been forced to shut down their operations, with the majority struggling to repay their...

Easy Christmas shopping at Maerua...

20 hours ago | Business

Maerua Mall has got you covered this summer, with its great mix of retail outlets to suit every taste and pocket, fun and exciting holiday...

Load More