The 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM Seed) initiative officially concluded in the Oshikoto region, empowering some of Namibia’s best entrepreneurs.
This year’s programme concluded in the Oshikoto region, aiming to boost three talented entrepreneurs.
This marked the fourth region the OM Seed team visited for 2024, in addition to the Zambezi, Kavango West and Ohangwena regions.
Leading the winners and securing N$50 000 is Robert Johannes, the founder of JRN Engineering Investment CC, which specialises in the manufacturing and design of various metal and fabricated products.
Johannes winning the OM Seed first prize is a monumental achievement for his company.
“This funding will allow JRN Engineering Investment to expand our operations and enhance our product range.
We are committed to delivering high-quality metal products that meet the needs of our community,” he says.
Theodor Shithigona of Theo Wood and Metal Fabrication won the second prize of N$30 000.
His business designs and manufactures wood and metal utensils and products.
“This reward is a significant boost for Theo Wood and Metal Fabrication.
With OM Seed’s support, we will increase our production capacity and improve the quality of our products.
“Our goal is to contribute to the growth and development of our region through expertly crafted utensils and products,” he says.
Theuhill Veldtschoen, the entrepreneur behind Veldtschoen Waste Management Solutions, took third prize, winning N$20 000.
Specialising in a technology-based waste management app for collection, sorting, segregation, recycling, education and awareness, Veldtschoen says: “Being recognised by OM Seed is a tremendous honour.
This prize will enable Veldtschoen Waste Management Solutions to improve our app and increase our waste management services.
“We are dedicated to promoting sustainable practices and environmental awareness in our community.”
Mignon du Preez, Old Mutual Namibia’s group marketing, public affairs and sustainability executive, highlighted the significance of concluding the 2024 OM Seed programme.
“It’s inspiring to see how the entrepreneurs from Oshikoto are using their talent to create sustainable businesses.
Over the course of this year, we have trained 40 entrepreneurs across four regions and awarded 12 entrepreneurs with their share of N$400 000 in prize money.
“Seeing the innovative solutions and dedication of these entrepreneurs reaffirms our belief in the power of entrepreneurship to transform lives and communities. OM Seed is here to champion their journeys,” she says.
Du Preez also reflected on the broader impact of the initiative, saying: “OM Seed has become a cornerstone for entrepreneurial growth in Namibia.
“By providing essential resources and support, we are fostering a new generation of business leaders who are driving economic development and social change.
“The stories of perseverance and innovation we’ve encountered this year are truly inspiring and demonstrate the limitless potential of our nation’s entrepreneurs.”
Since its inception in 2022, OM Seed has reached six regions and by 2025, it aims to cover all 14 regions, empowering entrepreneurs across Namibia with funding, mentorship and incubation support.
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