Team Namibia project to assist SMEs
Team Namibia will soon embark on an 18-month business development project to increase the production and trade capacities of small and medium enterprises (SMEs).
In an interview with Nampa on Tuesday, Team Namibia marketing officer Faith Arnat said the project targeted micro and small entrepreneurs with promising business ideas. The formal or informal businesses must be located in Katutura, Khomasdal or Otjomuise.
She said Team Namibia wanted to assist beneficiaries in identifying competitive and viable business opportunities, with an emphasis on mobilising local funding and operational business management.
“The project is aimed at helping Team Namibia achieve its mandate of increasing the consumption of local products and services by investing in the quality output of Namibia's SMEs and ultimately enhance our country's capacity.”
Arnat said the project was a pilot with a purely practical and success-oriented concept that addressed existing challenges of small businesses in informal settlements.
Selected beneficiaries will participate in a knowhow transfer programme that will consist of workshops and practical mentoring at their existing setups where they will be expected to apply the business knowledge gained.
Arnat said 25 beneficiaries would be selected. Application forms are available at municipal offices in Katutura. Applications close on 31 January.
The project is funded by the embassy of Finland to the tune of N$1.9 million.
“The project's funding by entities such as the embassy of Finland will aid in developing Namibia's SME sector and the next generation of business leaders,” Arnat said.
She encouraged Team Namibia's members to meet their financial obligations to the organisation.
NAMPA
In an interview with Nampa on Tuesday, Team Namibia marketing officer Faith Arnat said the project targeted micro and small entrepreneurs with promising business ideas. The formal or informal businesses must be located in Katutura, Khomasdal or Otjomuise.
She said Team Namibia wanted to assist beneficiaries in identifying competitive and viable business opportunities, with an emphasis on mobilising local funding and operational business management.
“The project is aimed at helping Team Namibia achieve its mandate of increasing the consumption of local products and services by investing in the quality output of Namibia's SMEs and ultimately enhance our country's capacity.”
Arnat said the project was a pilot with a purely practical and success-oriented concept that addressed existing challenges of small businesses in informal settlements.
Selected beneficiaries will participate in a knowhow transfer programme that will consist of workshops and practical mentoring at their existing setups where they will be expected to apply the business knowledge gained.
Arnat said 25 beneficiaries would be selected. Application forms are available at municipal offices in Katutura. Applications close on 31 January.
The project is funded by the embassy of Finland to the tune of N$1.9 million.
“The project's funding by entities such as the embassy of Finland will aid in developing Namibia's SME sector and the next generation of business leaders,” Arnat said.
She encouraged Team Namibia's members to meet their financial obligations to the organisation.
NAMPA
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