Economic Advancement SME Development Dundee Precious Metals Tsumeb Community Trust believes that social economic development is achievable through Public Private Partnerships. As it has the potential to ensure a positive community benefit delivery where partners understand and share the risks and long-term benefits of their investments. Economic progression In its efforts to complement the Government of the Republic of Namibia to achieve inclusive, equitable and sustainable economic growth, the Trust continued to fund small-and medium-sized enterprises that significantly contribute towards Tsumeb’s economic development. Training, mentorship and capacity building The Trust intends to grow and support the local business community in Tsumeb and surrounding areas. The Financial Literacy Initiative (FLI) approached the Trust to train 50x micro enterprises and 30x SMEs selected to undergo financial business management training.
Financial Literacy Training
The Trust teamed up with FLI in 2019 to provide: 1 Basic financial business management training for micro entrepreneurs 2 Advanced financial business management training for SMEs (previously funded by the Trust) The training took place over two weeks, five days for micro entrepreneurs and five days for SME’s. The objective of the training was to educate small businesses owners on financial literacy and financial management skills. The training aimed at increasing the general capability of the business owners/ managers. This will ensure that they can manage business financials, increase their knowledge on financial concepts, products, services and institutions. As well as to enable entrepreneurs to take solid and educated financial decisions. Furthermore, the training transfered practical knowledge and skills on topics like costing, pricing, budgeting, shortand long- term financial planning, bookkeeping, saving, spending, purchasing, banking, taxes – for both the private and the professional life of the entrepreneur.
Handover of equipment to L.J. Cobine Investments.
SME Grants - Financial support to local entrepreneurs The Trust awarded six (6) SME Grants in 2019 of which four (4) were female and two (2) were male. A total investment of N$ 348,678.93 was invested towards the six (6) SME’s.
Business (cc)
Owner
Type of Business
Value N$
VicNak Trading Enterprise
Ms. Ivondia Nakie Tjupura
Fast Food Takeaway
NAD 78,790.72
L.J Cobine Investments
Ms. Jacobine Razembua Tjakarua
Tyre Sales and Repairs
NAD 89,632.00
Mariam Kapana Trading
Ms. Mariam Simon
Meat/ Kapana
NAD 55,178.15
Maria’s Tuck Shop
Ms. Maria Stoffel
Tuck Shop – General Dealer
NAD 14,990.70
Tutungeni Engineering Investment
Mr. Jonas Kamati & Mr. Elias Ruben
Carpentry and Welding
NAD 49,599.00
Norich Investment
Mr. Oscar Bennet Norich
Cyber Café
NAD 60,488.18 27
