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Innovative business idea awarded

Receiving the N$5000 start-up capital from Standard Bank is Pefewa Shimweefeleni (left) with Desere Lundon-Muller of the Economist (standing), Surihe Goamas of Standard Bank (seated) and Hezekiel Johannes of NBIC (standing).(Photograph by Hilmah Hashange)

Receiving the N$5000 start-up capital from Standard Bank is Pefewa Shimweefeleni (left) with Desere Lundon-Muller of the Economist (standing), Surihe Goamas of Standard Bank (seated) and Hezekiel Johannes of NBIC (standing).(Photograph by Hilmah Hashange)

An innovative business idea by four women from the north was chosen as the ultimate winner in a competition held by Economist Businesswomen Projects. The winning idea has won N$5000 start-up funds from Standard Bank Namibia.
During the 14th Economist Businesswomen Conference held in Ongwediva on 8 August, the Namibia Business Innovation Centre (NBIC) invited conference participants to enter their business ideas as part of a competition. Delegates were asisted with the completion of the template and the ideas were evaluated by the NBIC. The four women, Diina Shimweefeleni, Antonia Antonio, Peneyambeko Ndakolo and Lidia Shadjuka entered their business idea called Elundu-Oushake (Auction Kraal), a livestock food mini-market and was chosen as the overal best business idea.
The Business Innovation Centre will assist the winners with a formal business plan that can be presented to a financial institution for funding. As part of their winning,Standard Bank Namibia allocated N$5000 as start-up capital for the best business idea. Telecom Namibia sponsored a laptop equipped with a 3G card for internet access. Pefewa Shimweefeleni, daughter of Diina Shimweefeleni, received the items on behalf of the four women. At the ceremony this week, she was joined by Desere Lundon-Muller, organiser of Economist Businesswomen Projects, Hezekiel Johannes of the Namibia Business Innovation Centre and Surihe Goamas, Manager Public Relations and Communications of Standard Bank Namibia.

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