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NIPDB takes SME info sessions to the north

2022-05-12  Staff Reporter

NIPDB takes SME info sessions to the north
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Following the success of the first phase of the campaign, the Namibia Investment Promotion and Development Board is taking its Know2Grow campaign to northern Namibia.

The NIPDB is of the opinion that adequately capacitated small businesses can be at the forefront of driving the country’s economy. 

The board is mandated, amongst other things, to build institutional mechanisms and serve as the primary coordinator across all MSME development levers on a national level. 

In this role, the NIPDB facilitates collaboration between various stakeholders to ensure the effective implementation of programmes that will create an enabling ecosystem for micro, small and medium enterprises (MSME) and start-ups.

One such programme is the Know2Grow campaign, which the board officially launched in February 2022. 

The Know2Grow campaign is the NIPDB’s MSME-focused anchor campaign, and is aimed at empowering MSMEs with vital knowledge and information that will enable them to scale-up by gaining access to markets to sell their products or secure funding for business expansion. 

Know2Grow is conducted as formal information sessions facilitated by the NIPDB in collaboration with key partners, including commercial banks and government agencies that share relevant information pertaining to starting-up and operating an MSME business in Namibia. 

Key topics to be covered include opportunities related to market access and access to funding, which are vital for MSME success and scaling.

Since its launch in February 2022, the campaign has been rolled out in the Hardap and //Kharas regions, engaging over 1 000 MSME owners so far. 

The NIPDB has set itself an ambitious target of empowering at least 3 000 MSMEs countrywide by the end of the year.

Following the success of the first phase of the campaign, the NIPDB is taking Know2Grow to the northern regions, kicking off in Tsumeb in the Oshikoto region on 10 May 2022 and culminating in Katima Mulilo on 20 May 2022. 

In addition to the experts representing various Business Support Organisations, the NIPDB has enlisted prominent entrepreneurs as speakers to share their entrepreneurship experiences and motivate the participants. 

These include Nico Kaiyamo, an entrepreneur based in Tsumeb; Beata Shitemba, founder of Nels Babies and Kiddies; Keri Kosozi, founder of Usuta Couture; and Prisca Mayombelo, Founding Director of PM Transport and Road Safety Consulting.

All sessions are free and open to MSMEs currently operating in or those who aspire to start businesses in the sectors of textile and manufacturing, agriculture, horticulture and food processing, electronics and information and communication technology, pharmaceuticals, renewable energy and green hydrogen.

With the campaign, the NIPDB aims to stimulate a dynamic MSME ecosystem characterised by thriving, sustainable businesses that are capable of accessing international markets and positively contributing to the country’s economic development. 

The NIPDB is confident that initiatives such as Know2Grow will help to unlock and promote youth entrepreneurship in the country, which can potentially catalyse economic growth through skills development and create much-needed employment opportunities. 

The Board, therefore, calls on more private and public entities to join as strategic partners – and in so doing, contribute towards supporting a larger number of MSMEs.

2022-05-12  Staff Reporter

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