{"id":5681,"date":"2021-11-19T11:16:33","date_gmt":"2021-11-19T11:16:33","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy"},"modified":"2021-11-19T11:54:32","modified_gmt":"2021-11-19T11:54:32","slug":"msme-expo-another-shot-at-boosting-the-local-economy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy","title":{"rendered":"MSME expo: Another shot at boosting the local economy"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE first micro, small, and medium enterprises (MSME) expo held in Windhoek recently is another indication that many Namibians are ready to produce market-ready goods, and that the local economy is gradually growing with new products being introduced.<\/b><\/p>\n

Project coordinator Justina Kavungo says: \u201cThe Sustainable Development Goals Impact Facility (SDGIF) provided a platform for Namibian MSME’s to showcase themselves and pilot their business models and solutions.\u201d<\/p>\n

The expo was funded by the United Nations Development Programme Namibia, and was implemented with the support of the Ministry of Industrialisation and Trade.<\/p>\n

\u201cThe two-day event attracted several MSMEs from various sectors, such as technology, health and agriculture, and participation was free,\u201d Kavungo says. She says some of the exhibitors received support from the SDGIF through grants for their business concepts.<\/p>\n

The project was aimed at being a multi-stakeholder financial and capacity building platform that bridges entrepreneurship, social innovation and blended capital to create sustainable economic and social returns.<\/p>\n

\u201cThe expo also aims to address critical challenges as a result of the Covid-19 pandemic’s impact on Namibia by strengthening the local economy, improving livelihoods, creating decent jobs, and building equitable communities,\u201d she says.<\/p>\n

The project has financed 66 MSMEs to the tune of N$5,7 million since its inception in November last year. In addition, the ministry aims to create an endowment fund for the SDGIF to ensure sustainability, and has therefore made N$2,5 million available towards this end, with the aim of scaling it through collaboration.<\/p>\n

Babsy Mbere, the owner of Kanduuna Designs and Construction and one of the grant facility beneficiaries, has testified to the impact of the capital she has received on her business.<\/p>\n

\u201cWith this funding, I have embarked on farming with pigs for commercial purposes at Witvlei, in the Omaheke region,\u201d she says. Mbere says growing up in a farming environment, she has been dreaming of farming with pigs, and her dream has now been realised.<\/p>\n

\u201cIn a country that has been affected by recurring droughts, especially devastating for cattle farming, I saw an opportunity to diversify farming in the region, and I urge other farmers to consider the same,\u201d she says.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE first micro, small, and medium enterprises (MSME) expo held in Windhoek recently is another indication that many Namibians are ready to produce market-ready goods, and that the local economy is gradually growing with new products being introduced. Project coordinator Justina Kavungo says: \u201cThe Sustainable Development Goals Impact Facility (SDGIF) provided a […]<\/p>\n","protected":false},"author":84,"featured_media":5680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,2728,2729,233],"class_list":["post-5681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-local-economy","tag-msme-expo","tag-namibia"],"yoast_head":"\nMSME expo: Another shot at boosting the local economy - Namibia<\/title>\n<meta name=\"description\" content=\"THE first micro, small, and medium enterprises (MSME) expo held in Windhoek recently is another indication that many ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MSME expo: Another shot at boosting the local economy\" \/>\n<meta property=\"og:description\" content=\"THE first micro, small, and medium enterprises (MSME) expo held in Windhoek recently is another indication that many ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-19T11:16:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-19T11:54:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/11\/img-6197906078abd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"562\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MSME expo: Another shot at boosting the local economy\",\"datePublished\":\"2021-11-19T11:16:33+00:00\",\"dateModified\":\"2021-11-19T11:54:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy\"},\"wordCount\":375,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/11\/img-6197906078abd.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"local economy\",\"MSME expo\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/msme-expo-another-shot-at-boosting-the-local-economy\",\"name\":\"MSME expo: Another shot at boosting the local economy - 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