Women encouraged to learn how to save and reinvest

08 Aug 2013 11:30
SWAKOPMUND, 08 AUG (NAMPA) – A prominent businesswoman on Thursday encouraged Namibian women to learn how to save money and reinvest in productive assets.
“Borrowing should be the last resort, but rely on your savings,” advised local entrepreneur Maria Nuuyoma during the three-day Namibian Women’s Summit underway here.
Nuuyoma said in her motivational speech that there is no journey without challenges, which include marketing, managing debtors, legal and regulatory barriers, and these could cause serious cash flow problems.
“But the first thing you need to do is to understand your market and customers, and learn how to save and reinvest,” she emphasised.
Nuuyoma then called on her fellow women to provide excellent service if they want to prosper, and to be honest and transparent with customers and employees.
She also encouraged them to learn to have strict stock control and understand the country’s rules and laws, and how to comply with them.
Nuuyoma started doing business in the late 1980s while still a student nurse in Windhoek.
Driven by the need to supplement her income to pay her school fees, she started selling Table Charm cooking and eating utensils, and later on Herbal Life and Golden nutrition, weight management and skin-care products.
After independence in 1990, Nuuyoma said more business opportunities started to emerge.
She narrated that at one of the Ongwediva Annual Trade Fairs, she came across a health product called Javanoni at a stall of Indonesian businesspeople.
Javanoni is an immune booster which deals with strengthening white blood cells, and is particularly effective with internal bleeding and open wounds.
Eager to know more, she travelled to Indonesia in 2003 to see where it is produced, and thereafter obtained the exclusive right to bring and sell it in Namibia and the rest of Africa.
Nuuyoma still distributes Javanoni products.
Currently, Nuuyoma owns a health clinic at Ondjiva in southern Angola and three health clinics in Windhoek.
She resigned from the Ministry of Health and Social Services to set up these primary health clinics.
More than 200 women from different regions in the country are attending the event under the theme “Let your light shine through”.
Delegates are discussing issues ranging from the role of women in the Namibian economy and the importance of paying tax, to business opportunities and the available support programmes for women in the boardroom.
The summit is being attended by Minister of Home Affairs and Immigration Pendukeni Iivula-Ithana; Gender Equality and Child Welfare Minister Rosalia Nghidinwa; Deputy Minister of Health and Social Services Petrina Haingura and Namibia’s Ambassador to Sweden Theresia Samaria, amongst other prominent women.
The summit started on Wednesday, and ends on Friday.