Large companies must “walk the talk”: Meyer

17 Jul 2014 17:20pm
WINDHOEK, 17 JUL (NAMPA) - Large companies should procure goods and services locally in order to promote local products and services, the Director of Small and Medium Enterprise (SME) Compete, Danny Meyer says.
In his contribution during the launch of the Procurement Study Report and the Namibia Procurement Fund (NamPro Fund) Stakeholders’ Report in the capital on Thursday, Meyer said large companies must “walk the talk” and make use of locally produced products.
He said it is not acceptable to make use of foreign products or services that are widely available in the country and can directly contribute to the economic development of the country and create jobs.
“I cannot believe companies use foreigners to repair air conditioners, refrigerators and other services which can be done by Namibians,” he said.
Speaking at the same occasion, Trade and Industry Minister Calle Schlettwein said only a few non-governmental organisations (NGOs) and private sector companies make use of SMEs’ services and products in the country.
“We should work together - public and private sector - to support SMEs in the country,” he said.
Schlettwein noted that access to finance is one of the constraints facing SMEs, adding that it needs the collective efforts of both parties to assist SMEs.
The minister also called on SMEs to make use of the SME Bank in order to acquire credit to grow their businesses.