21 Aug 2017 16:30pm
WINDHOEK, 21 AUG (NAMPA) The International University of Management (IUM) on Monday launched its first Entrepreneurship and Innovation Day.
The day aims at motivating young student entrepreneurs to showcase their innovations and willingness to develop, organise and manage business ventures, despite risks and challenges, to realise profit.
Speaking at the launch, IUM founder and chairperson, David Namwandi described entrepreneurship as the heartbeat of any dynamic nation.
He emphasised that IUM, being an initiative of an entrepreneur, transforms students into graduates who can convert the economy and world at large.
It must be noted that any country with successful entrepreneurs and innovators will certainly thrive, as Government cannot make it alone, said Namwandi.
He said Government needs people with entrepreneurial skills to help create employment and grow the economy.
Any Government which does not promote private initiatives but instead stifles private ventures is doomed to fail, he warned.
Speaking at the same event, entrepreneur and co-owner of several businesses and the first female recipient of an honorary masters degree in business from IUM in 2016, Twapewa Kadhikwa said young people should find solutions to the current economic crisis by being innovate and execute entrepreneurship ideas.
I started my business at the age of 18. All you need is to be innovate, persevere and be determined to venture your ideas into something tangible, she said.
Kadhikwa currently owns and runs Xwama restaurant which offers traditional Namibian cuisine like goat-heads, mopani worms and wild spinach. She began her entrepreneurship journey by selling black hair products made from marula fruit.
At the same event, two young Namibian female entrepreneurs received loans of N.dollars 50 000 each from the David Namwandi Trust, which he initiated by setting up a Graduate Innovation and Enterprise Academy.
The intervention is meant to identify and nurture young entrepreneurs, provide them with start-up capital and help existing small and medium enterprises with viable business proposals.
Beneficiaries are encouraged to venture into finance management to enhance their businesses.