Kaleb Nghishidivali

The Ministry of Industrialization and Trade (MIT), in collaboration with the German Sparkassenstiftung for International Cooperation (DSIK), host a three days micro-business training in Windhoek today.

The purpose of the training is to promote entrepreneurship and provide entrepreneurial training initiatives.

According to Minister of Trade and Industrialisation Lucia Iipumbu, the cooperation intends to increase the ability of Micro-Small and Medium Enterprises (MSMEs) in Namibia through the provision of business simulation training workshops and enterprise development.

Through this effort, about 1400 entrepreneurs will be trained across the country in all 14 regions by the end of July 2023.

The participants to be trained include both registered and unregistered MSME. The goal is simply to let participants to learn from one another and the value and advantages of collaboration, which will contribute to economic stability in the country.

“The micro-business simulation training is aimed at helping entrepreneurs learn and manage their businesses successfully. The training will focus mainly on financial management aspects such as business planning, forecasting, record keeping, budgeting, and financial statements to enable entrepreneurs to get the know-how of business financial management,” Iipumbu noted.

Iipumbu said that the training is in line with the Empretec Namibia’s overall objective, which is to bring about transformational change in unleashing the growth potential of Micro, Small and Medium Enterprises (MSMEs) in Namibia through the entrepreneurial behavior modification and mind-set change, skills development, and the provision of comprehensive range of Business Development Advisory Services (BDS).

Picture: Minister Pictured with Participants at The Training.

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