Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Banner Left
Banner Right

Business management training for Ohangwena, Kunene youth

About 80 young people from the Ohangwena and Kunene regions are currently gathered at the Ongwediva Elcin Centre for a six-day training workshop in business management.

The training will run from 27 January to 1 February and is being conducted by the Ministry of Sport, Youth, and Culture’s Namibia Youth Credit Scheme (NYCS). The workshop is aimed at young people in business and those who are unemployed but have an interest in setting up businesses.

“Make sure you adhere to the rules. If you have a problem, come to us and we will help you,” programme coordinator Maria Haimbembe told trainees at the opening yesterday.

She said after the training, participants will be required to come up with business proposals to qualify for loans.

“Please, pay attention as there are different tools on how to run a business successfully,” said Haimbembe.

She cautioned would-be beneficiaries to not run away when their business do not perform well and they are unable to pay back the loan monthly, but to make arrangements with their regional youth officials on how to make such payments.

“Don’t run away. Come for help,” she said.

According to her, it is important for loan beneficiaries to have a good relationship with their regional youth officers, as well as the scheme implementation agencies in their respective regions.

She said since the operationalisation of the scheme in 2005, the ministry has spent about N$2 million in loans given to young people countrywide.

She added that the ministry has trained more than 10 000 young people on basic business management under the scheme.

Youth regional officer in the Ohangwena region Martin Nghitombo says NYCS is being implemented by a micro-financing company, Namibia First Luxury Company, in the Ohangwena and Kunene regions, with the ministry as the facilitator.

The youth credit scheme, says Nghitombo, covers all 14 regions of Namibia, but the Ongwediva training is only for youth in the Ohangwena and Kunene regions.

He says the NYCS is a loan-guarantee programme that provides financial support to unemployed and out-of-school youth.

Training on basic information in business management has been given to young people from different regions of the country, she adds.

Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!

Latest News