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MSMEs contribute 12% of the national GDP of Namibia ……. “Know2Grow NextGen Entrepreneurs Fair” being held at Tsumeb by the Namibia Investment Promotion and Development Board (NIPDB)
The contribution of the MSMEs, of which around 15 000 are formally registered, is approximately 12% of Namibia’s gross domestic product (GDP).
Namibia is considered a young nation. It is imperative that Namibia pave the way for youth-led initiatives and support the acceleration of their business ventures. Young people should be given an environment in which their brilliant and innovative business models are recognised and encouraged in order to sustain growth. NIPDB, as an enabler for MSMEs and start-ups’ ecosystem growth in Namibia.
MSMEs are the backbone of the Namibian economy. Therefore, the need to ensure that their businesses are scaled to continue contributing to the economy of Namibia. NIPDB understands that MSMEs are key contributors to employment creation, income generation, and poverty eradication for the people of Namibia, in both rural and urban areas.
Aligning this event with the Global Entrepreneurs Network Week, which is celebrated annually from 14 to 20 November, Namibia joins the world in celebrating 15 years of helping millions of people unleash their ideas to start and scale new businesses.
Also Read:
https://trendsnafrica.com/namibia-exported-close-to-one-million-kilograms-of-cobalt-in-2021-22/
https://trendsnafrica.com/namibian-port-expansion-plan-to-be-a-trade-hub-in-southern-africa/
https://trendsnafrica.com/eu-delists-namibia-from-the-list-of-countries-classified-as-tax-havens/
There is a line-up of 30 business support organisations to engage with the 140 selected scalable MSMEs, of which 60 are here physically and 80 joining us on a virtual platform.
The showcase will further have a series of panel discussions with local and international business support organisations, business-to-business engagements and networking platforms among fellow entrepreneurs.
