25 Jun 2019 21:30pm
ONGWEDIVA, 25 JUN (NAMPA) Nearly 300 youth from all of Namibias 121 constituencies are gathered at Ongwediva in the Oshana Region for a rural youth enterprise workshop that started Monday.
Opening the training officially on Tuesday, Minister of Sport, Youth and National Service, Erastus Uutoni said the Development Bank of Namibia (DBN) availed N.dollars 1 million for the hosting of the training, while his ministry provided the transport.
This training is aimed at giving the participants a better understanding of business principles to enhance the management of youth-owned enterprises, Uutoni said.
He said young people possess many of the characteristic of modern entrepreneurs such as vision, enthusiasm, passion, flexibility, determination and resilience.
The minister said the challenge ahead now is for the regions and constituencies to ensure that youth-owned enterprises become successful.
Success in business, as in any other field, requires courage and a commitment to work many long hours in pursuit of your dreams, Uutoni told the participants.
If Namibia is to successfully face the challenges of economic recession, he added, a mind-set change is needed to do away with negativity and dependency syndrome.
Speaking at the same event, the Development Bank of Namibias Head of Lending, John Mbango, indicated that the bank has approved loans amounting to over N.dollars 1 billion for young entrepreneurs since 2013.
To the aspiring young entrepreneurs in this audience, the economic future of Namibia rests in your hands, said Mbango.
All participating youth will be expected to compile viable business plans with the assistance of DBN, the University of Namibia and the offices of their regional councillors for funding purposes.
The workshop ends Saturday.