08 May 2014 17:30pm
WINDHOEK, 08 MAY (NAMPA) The Namibia Chamber of Commerce and Industry (NCCI)'s Head of Advocacy and Research, Leonard Kamwi says access to finance for small and micro businesses remains a main problem in the country.
Kamwi said this while presenting the findings of the 2014 Namibian Business and Investment Climate (NamBIC) Survey in the capital on Thursday.
He noted that the survey conducted amongst Namibian business owners, managers and other representatives, indicates that land remains a significant obstacle to business expansion. It also found that foreign nationals are finding it difficult to obtain working permits.
Most of the business people interviewed lso indicated that they found it difficult to participate in public tenders, and noted that 53.1 per cent of the respondents paying tax, rate it as very high, while 16.6 per cent rate it as low to very low.
Kamwi said the survey recommended that Government address the availability of serviced land, improve the geographical presence of development finance institutions; strengthen linkages between small and medium enterprises (SMEs) and large business, and address supply-side issues.
He said the survey also recommended that the sourcing of local products, industrialisation, and local entrepreneurial development be promoted.
The survey further recommended the improvement of transparency and accountability to minimise corruption, protect property rights, improve governance and provide access to justice.
He said the investment climate is an important of a country's success in raising investment levels and its growth rate.
Over 500 businesses participated in the survey and are either members of the NCCI or Namibian Manufacturers Association (NMA).
The survey was conducted by the NCCI and NMA with the support of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on behalf of the German government.