By:Jeronimo NghilunanyeKateya and KandjengokaMkwaanyoka
Namibia’s high unemployment rate is a major concern, and entrepreneurship is often seen as a key solution to this problem.
However, many Namibian entrepreneurs face challenges in accessing funding, which can hinder their ability to start and grow their businesses.
The financing of MSME and startups in Namibia is a complex problem that stifles growth and innovation, but it is one that must be addressed if the country wants to achieve its economic goals.
One of the main problems is that the Credit Guarantee Scheme, which is supposed to help MSMEs access finance, is not working effectively.
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