List of SMEs in Namibia

Small and medium-sized enterprises or small and medium-sized businesses are businesses whose personnel numbers fall below certain limits. The abbreviation “SME” is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization.

These are some of the SMEs in Namibia

Viva Trading Enterprise cc

ROtecH2O

African Business Solutions

Namibtec

Neat Farms Farming Attachments

Greg’s Motor Spares

Mudumbi Nankero Construction Cc

Eljo General Repairs and Trading

Frequently Asked Questions

What is SME and its importance in Namibia?

The small and medium-sized enterprises (SMEs) play an essential role in the economy of a country. They represent a source of entrepreneurship abilities, innovation and creation of new jobs. Their capacity to apply, adapt and disseminate new technology is unique.

How many SMEs are there in Namibia?

Indeed, almost 40,000 SMEs are currently registered in Namibia. SMEs in Namibia contribute to the national economy of Namibia in various ways, such as employment creation, adding value to the gross domestic product of the country, and assisting in the realisation of the government’s 2030 vision agenda.

How many parastatals are in Namibia?

The Ministry of Public Enterprises(MPE) operates a number of programmes to align, integrate and oversee the functions and responsibilities of the 98 parastatals, and to benefit from synergies between the State Owned Companies .

What small business can I start in Namibia?

• Food Business Ideas In Namibia.
• Organizing Private Classes For Students.
• You Can Become a Web Designer In Namibia.
• Start A Gym Business.
• Photography Business In Namibia.
• Start A Backyard Garden.
• Create Your Own Blog.
• Start A Cosmetic Business In Namibia.

What is an SME in Namibia?

The Namibian Ministry of Trade and Industry (MTI) in its SME policy from 1997 defines SMEs as manufacturing companies, employing less than 10 people, reaching a turnover of less than N$1 000 000 and having a capital basis of less than N$500 000.

How do I start a business in Namibia?

Obtain the approval for a company name from the Registrar of Companies. Pay the registration fees and buy revenue stamps at the Receiver of Revenue. Hire an attorney to register the company with the Registrar of Companies; obtain the certificate to commence business. Deposit the initial capital in a bank account.

What is a SME in business in Namibia?

Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees below a certain threshold. They outnumber large firms considerably, employ vast numbers of people and are generally entrepreneurial in nature, helping to shape innovation.

What is SME registration?

MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories can apply for registration. MSME registration that falls under the MSMED Act facilitates promotion and development of enterprises and improves its functioning.

How do I register a SME in Namibia?

• Copy of Company Registration Certificate.
• Social Security Commission Good Standing Certificate not older than 3 months.
• VAT Good Standing Certificate not older than 3 months.
• Certified Copies of IDs of all members/owners of the Company .

What role do SMEs play in economic development of a country?

SMEs shore up the expansion of systemic productive capability. They help to absorb productive resources at all levels of the economy and add to the formation of flexible economic systems in which small and large firms are interlinked. Such linkages are very crucial for the attraction of foreign direct investment (FDI).

How do I register a sole proprietorship in Namibia?

To register a sole proprietorship, you have to apply with the Business and Intellectual Property Authority of Namibia (BIPA). The application process can be completed online (guide) or by visiting a BIPA office in person.

How is an SME different from an IDE in Namibia?

The primary difference between IDEs and SMEs is their purpose: IDEs seek to bring innovations to global markets, while SMEs seek to build traditional and well-understood businesses that serve local demand. Both start off small and require an entrepreneur with the drive and persistence to make their business a success.

What are examples of SMEs in Namibia?

SMEs are not limited to any particular type of industry or service, and can include small manufacturing facilities, small processing units, trading companies, export-import companies, distribution, retailing, rental, service company, etc.

What do you know about entrepreneurship?

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Why do we need SMEs in Namibia?

Small and medium-sized enterprises (SMEs) make up over 99% of the total number of businesses across the countries where we work. They are responsible for large contributions to value added and employment. SMEs also play an important role in the political economy, helping to promote and strengthen reforms.