Namibia: Micro Enterprises Need Nurturing to Grow

THE informal or formal micro-enterprise sector is one of the most productive in Namibia, and must be fostered to develop large, economically significant and sustainable Namibian enterprises.

This was said by Jerome Mutumba, Development Bank of Namibia’s head of marketing and corporate communication, in a media statement yesterday.

The bank finances large enterprises and SMEs, and also provides finance through its Apex microfinance facility.

Mutumba said the recent focus on empowering informal and…