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New Karas entrepreneurs

This group of entrepreneurs in the Karas Region had the good fortune last week to attend a training session by Bank Windhoek to make them more aware of trade secrets employed by successfull businessmen. The event was a joint effort by Bank Windhoek’s Emerging Small and Medium Enterprise (ESME) branch, the Keetmanshoop Town Council and the local branch of the Namibia Chamber of Commerce and Industry (NCCI). Forty seven entrepreneurs, some from as far as Bethanie, attended the training session, presented by Mbo Luvindao, Branch Manager at Bank Windhoek’s ESME branch and Aune Ekondo, Credit and Sales Manager at the ESME branch. Councillor Fiina Elago of the Keetmanshoop Town Council, said Small and Medium Enterprises (SME’s) are the backbone of a growing economy. She asked other local authorities to follow the example set by the Keetmanshoop Town Council to support SME’s in the region as these enterprises are addressing the bread and butter issues in towns. “Bank Windhoek is proud to be a partner to the success of many entrepreneurs in Namibia. Small and Medium Enterprises not only help to sustain job creation, but is a major role player in the country’s economy,” trainer Luvindao said. He reminded entrepreneurs that starting a business takes a lot of research and planning and urged them to write a proper business plan before visiting the ESME branch for financial assistance. “The business plan doesn’t have to be a long and difficult document,” he said. “It should, however, give a clear indication of the business concept and should contain a market analysis, a marketing strategy and a budget for the envisaged enterprise.”

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