18 May 2017 17:30pm
OSHAKATI, 18 MAY (NAMPA) More than 2 600 permanent jobs were created in the Oshana Region during the 2016/17 financial year, contributing significantly to the regions employment creation.
A total of 2 618 permanent and 2 155 temporary jobs were created through construction and renovation, agriculture, aquaculture and Small and Medium Enterprises (SMEs), among others, Oshana Region Governor Clemens Kashuupulwa said during his state of the region address here on Thursday.
Kashuupulwa said about 602 businesses, including SMEs, were established and formalised in the region over the same period.
The Ministry of Trade and Industrialisation, Trade and SME Development has also up to date, through its Equipment Aid Scheme, provided equipment aid valued at N.dollars 24 million since its inception in 2009, he said.
A total of 306 businesses have benefited from the scheme.
The governor said as much as business establishments play a critical role in a community, it is equally crucial to ensure that SMEs continue to have access to finances so they can grow.
The region recorded tremendous financing growth during the 2016/17 financial year, with the Development Bank of Namibia having contributed close to N.dollars 170 million to the development of the region, said Kashuupulwa.
He further emphasised the importance of trade exhibitions held in the region, noting that they provide good opportunities for SMEs to market products and services, and also create employment.
Other developments in the region include the establishment of 33 drip irrigation gardening projects in the Okatana and Okaku constituencies, funded by the Scaling Up Community Resilience to Climate Change (SCORE) Project.
These projects have created a number or job opportunities, improved food security and nutrition and enhanced crop productivity for the poor rural population of these communities, Kashuupulwa said.
The Oshana governors office through the regions endowment fund also financed 19 income generation projects at a cost of over N.dollars 400 000.