Empowering SMEs through mentoring
Meet nine entrepreneurs at the Windhoek Show
Small and Medium Enterprises (SMEs) are the driving force behind socio-economic development, and Namibia is committed to nurturing their growth.Acknowledging the vital role SMEs play in job creation, poverty alleviation and wealth generation, the government has implemented an array of programmes, ranging from financial support to equipment aid and specialized training to bolster this essential sector of the economy.
In line with its mission to foster sustainable economic growth, the Development Bank of Namibia (DBN) has introduced a ground-breaking initiative – the National Mentoring and Coaching Programme (NMCP). Launched in July this year, this programme is crafted to equip SMEs with crucial entrepreneurial skills, empowering them to enhance their competitiveness and seize available resources for expansion. Through this initiative, these SMEs not only fulfil their roles in the economy but also catalyse overall economic growth.
The maiden phase of the NMCP boasts participation from 130 SMEs hailing from every corner of the nation. Each of these SMEs benefits from the mentorship and guidance provided by 13 seasoned service providers.
A standout feature of this programme is its emphasis on practical, hands-on coaching and mentoring, delivered over a six-month period. The comprehensive curriculum delves into fundamental business management skills, encompassing financial management, marketing strategies, procurement processes, efficient business organization, tendering procedures, and adept business plan preparation.
A shining illustration of the NMCP in action is a collective of micro-businesses primarily comprising disadvantaged entrepreneurs from Katutura. These businesses have united to showcase their products and services at the Windhoek Show, hosted at the Galphini Hall.
What sets this exhibition apart is the joint effort of nine businesses, spanning arts and crafts, leather products, bags/knapsacks, clothing, business consultancy, photography, graphic design, refrigeration/air-conditioning, and first aid training.
Special offers at Windhoek Show
The collaborative group is extending special offers during the Windhoek Show:
• Unveiling brand-new products exclusively developed for the Windhoek Show.
• Offering custom embroidery services for products purchased elsewhere.
• Extending a 10 % price reduction on all purchases and orders made during the show.
These "magic nine businesses" serve as proof of the transformative potential of the NMCP, exemplifying their journey towards success.
Prof Dr R. Trede from Development Consultancy for Southern Africa (DECOSA), who assumes the role of head mentor for this enterprising group, expressed his amazement at their dedication. With decades of experience in SME promotion, he said that he has never witnessed participants as motivated as these entrepreneurs, who diligently work, day and night to secure success at the Windhoek Show.
Furthermore, these businesses have embraced the spirit of networking, actively shared experiences and offering support to one another, as exemplified by the collaborative efforts of the photographer and designer who prepared promotional materials for all other businesses.
The NMCP stands as a testament to Namibia's commitment to nurturing a thriving SME sector and fostering economic growth. By equipping SMEs with practical skills and providing a platform for collaboration, this program is poised to leave an indelible mark on the country's economic landscape.