Financial institutions should support SMEs to trade abroad: Twey

17 Jul 2014 11:00am
WINDHOEK, 17 JUL (NAMPA) – Trade and Industry Deputy Minister Tjekero Tweya has called on financial institutions to support local business people so that they can expand their businesses and trade countrywide and internationally.
Speaking during the launch of the 'Made in Namibia’ trade expo in the capital on Wednesday, Tweya said people employed at these institutions should ‘think like Namibians’, and change their policies to support the initiatives of Namibian businesses to grow the economy.
“Our business people want to trade outside the country, but do not get any assistance. If you want to start a business at Khorixas in the Kunene Region, they consider it as a risk. How do you not want development in Khorixas?” he asked rhetorically.
The deputy minister said local small and medium enterprises (SMEs) indeed need to trade beyond the borders of the country in order to grow their businesses and the Namibian economy.
Tweya said the expo will assist SMEs to become more competitive, and will help Namibia take its place amongst the industrialised nations, as per Vision 2030 objectives.
The event will also highlight existing and potential products which have the capability for growth in domestic and export markets. It is scheduled to take place in Windhoek from 29 to 31 July under the theme “Growth at Home”.
Over 230 exhibitors have registered to showcase their products, and about 4 000 visitors are expected to attend, including Cabinet Ministers, governors, senior government officials and community members.
It is being organised by the Ministry of Trade and Industry, in cooperation with public and private sector stakeholders such as the Namibia Manufacturing Association (NMA), the Namibia Chamber of Commerce and Industry (NCCI) and the Namibia Development Corporation (NDC).