Africa-Press – Namibia. Langer Heinrich Uranium Mine has invested N$1 million to support 85 young entrepreneurs in Swakopmund through a municipal youth development programme.
The funding supports the Youth Entrepreneurial Development Initiative, led by the Swakopmund municipality.
The programme provides business equipment and structured support to help young people start or grow their enterprises.
The first handover of equipment will take place today at the Swakopmund fire station.
The 85 selected beneficiaries will receive starter packs that include tools and equipment for trades, catering and retail businesses.
The programme also includes compulsory training in business management, financial literacy and customer service.
Beneficiaries must attend mentorship sessions and take part in periodic assessments. They are required to comply with monitoring and reporting requirements during and after the programme.
“The selected beneficiaries either own registered businesses or presented viable business ideas with strong potential for growth. In addition to equipment handovers, beneficiaries are required to fully participate in training workshops, mentorship sessions, and periodic assessments, as well as comply with monitoring and reporting requirements during and after the programme,” the municipality said.
Former Swakopmund mayor Blasius Goraseb initiated the project after identifying the need for support among young people who lacked access to business equipment.
The initiative was launched on 11 July 2025 and received 2 489 applications. The selection process assessed business viability, innovation, sustainability and potential community impacts.
The selected entrepreneurs are between 18 and 35 years old and come from Mondesa, Matutura, Tamariskia, DRC (Airport Side and Seaside), Vineta and Ocean View.
All beneficiaries have been notified and are expected to meet the programme’s requirements.
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