Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba, says that as the economy begins to improve, entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek finance to grow.
As the Namibian economy continues to navigate serious challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night.
The Development Bank of Namibia (DBN) has been given back its mandate of funding SMEs with an annual turnover of less than N$15 million following the collapse of SME Bank, which is currently under provisional liquidation.
On Tuesday, SMEs Compete hosted the second session of the Entrepreneurs Roundtable (ERT) at the Namibia Football Association (NFA) Girls Centre in Katutura. The first session was held in August.
The third annual Natural Hair and Beauty Expo (NHBE), which took place at the International University of Management in Dorado Park last Saturday, attracted about 200 visitors, many of whom bought natural products on display, and enjoyed various forms of entertainment.