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Namibia: Old Mutual Focuses on SMEs
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The Namibian (Windhoek)
11 April 2008
Posted to the web 11 April 2008
Windhoek
Old Mutual this week hosted a series of seminars in Windhoek, Swakopmund and Keetmanshoop focusing on the many challenges facing small business enterprises and family-owned businesses.
In Windhoek, Nangula Kauluma-Gontes, Executive Marketing Manager of Old Mutual Namibia, opened the seminar underlining the emerging of SMEs as "the largest driver of economic growth and that Namibia is no exception in that these businesses consistently remain the biggest sector providing employment in a local context."
Emphasis during the seminar was placed on the fact that family-owned businesses offer a viable option to many families to provide for their future, their children's future and ultimately, their financial security. SMEs, said Kauluma-Gontes, make up a vital component of the Namibian economy. With many Namibian businesses being family owned, only about 30 per cent of these businesses are successfully handed down to the next generation. "As Namibia's leading financial services provider, Old Mutual continues to remain committed to the economic development of our country.
"Hence this platform is tangible demonstration of our commitment to support, develop and sustain the SME sector, in particular family-owned businesses in Namibia," Gontes continued.
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