The Ministry of Industries, Mines and Energy has introduced various initiatives aimed at supporting micro-, small-, and medium enterprises (MSMEs) and enhancing economic participation across Namibia.

The just-concluded 3rd Commonwealth Trade Ministers meeting has called for support and strengthening of SMEs and MSMEs for Small Island Developing States (SIDS) and least developed countries within the Commonwealth. 

There is a need to boost and back up micro, small, and medium enterprises in the country to create jobs and empower young people. 

The Deputy Minister of Sport, Youth, and National Service said this during a public discussion on Bridging the Gap in Government Funding Solutions for Startups. 

Micro, Small, and Medium-sized Enterprises (MSMEs) play a vital role in an economy, particularly in providing necessary goods, services, and employment opportunities for citizens.

Micro, small, and medium enterprises play a key role in job creation and income generation; hence, there is a need to grow MSMEs to contribute towards improving the living conditions of many people.
 

The Erongo Region remains an active hub of economic development as it houses key industries such as the fishing sector, mining, logistics and transport, as well as tourism.