MICROLENDING BILL
What is the Microlending Act? The Microlending Act, 2018 (Act No. 7 of 2018) (“the Act”) is an Act of Parliament, which came into force on 15 October 2018. The main purpose of the Act is to regulate and supervise microlending business in Namibia, to establish an effective and consistent enforcement framework relating to microlending […]
SMEs ADVISED TO BORROW WISELY FOR EFFECTIVE ASSETS AND OPERATIONS
Jerome Mutumba, Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication says that as the economy begins to improve entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek finance to grow. However, he says, confidence should walk hand in hand with responsible borrowing. Responsible borrowing, Mutumba says, takes into […]
CURRENT CHALLENGES FACED BY NEW SME’s
As the Namibian economy continues to navigate economic challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night. Sam Ikela, Head of SMEs at FNB Business says, “despite the resilience of the SME sector; new franchisees are cautiously observing the economic headwinds and their anticipated impact on […]
BOUNCE BACK AFTER THE HOLIDAY SEASON!
The holiday season is over; and as we head back to work and start the new school year, we need to relook our budgets; given that pay day is still weeks away. The festive month-long holiday with family and friends was great but now consumers need to plan for the year ahead. January is a […]