SMEs – Windhoek Observer

27 May

EIF hosts Sustainable Development Awards

ObserverUncategorisedEnvironmental Investment Fund of Namibia (EIF), SMEs, Sustainable Development awards

Staff Writer The Environmental Investment Fund of Namibia (EIF) hosted this year’s edition of the Sustainable Development awards, which recognizes the outstanding contributions made by Namibians in the field of sustainable development, under the theme “accelerating the green economy transformation as we recover from Covid-19” This year the awards targeted the private sector and SMEs, community level natural resource management and utilization initiatives, research and development, youth action for sustainable development, pioneering journalism in the field of sustainable development, green banks, school in action for sustainable development, women in action for sustainable development and thought leadership. Speaking at the event…

06 May

Standard Bank joins Credit Guarantee Scheme

ObserverUncategorisedCredit Guarantee Scheme (CGS), Felicia Jooste, SMEs, Standard Bank Namibia, Standard Bank’s Enterprise Direct Manager

Staff Writer Standard Bank Namibia has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60 percent for qualifying SMEs applying for finance from participating commercial finance institutions. Standard Bank’s Enterprise Direct Manager, Felicia Jooste said the decision by the listed banking concern , is driven by a genuine desire to see SME’s grow and thrive in difficult economic conditions. “We are determined to help our small and medium businesses navigate these difficult prevailing conditions, hence the reason we joined the Credit Guarantee Scheme. SME’s are the lifeblood of the economy and employ…

21 Aug

Shiimi launches Credit Guarantee Scheme for SMEs

ObserverUncategorisedCredit Guarantee Scheme, Finance Minister Iipumbu Shiimi, SMEs

Staff Writer Finance Minister Iipumbu Shiimi has announced the commencement of the Credit Guarantee Scheme for SMEs. The scheme will provide collateral cover of 60 percent for qualifying SMEs applying for finance from participating commercial finance institutions. “The rationale behind the Credit Guarantee Scheme is that there are SMEs with excellent prospects for success and viable business plans, but lacking the necessary collateral to obtain loans. Commercial finance institutions require the security of collateral to ensure that their capital is preserved in the event of an SME being unable to repay their loans. By insuring credit granted to qualifying SMEs,…

22 Apr

Sanlam pledges N$3.5 million

ObserverUncategorisedCovid-19, Namibia, Sanlam Group, Sanlam Namibia, SMEs

. . . to support various initiatives to combat the spread and the impact of the COVID-19 virus in an effort to “flatten the curve” The Sanlam Group has thrown its weight behind the fight against the spread of the Coronavirus in Africa and other territories where it has a business presence outside of South Africa by donating R45 million (about USD2,3 million) to support various initiatives to fight the pandemic. In response to the spread of COVID-19 in our country, Sanlam Namibia and its subsidiaries Welwitschia Insurance Brokers and Sanlam Investments today pledges N$3.5 million to support various initiatives…