SME Compete reacts to President Mbumba Urging Banks to Ease Funding for SMEs

President Nangolo Mbumba has urged local banks to support small and medium enterprises by using equity-type instruments and reducing collateral requirements. Speaking with banking executives in Windhoek, Mbumba highlighted the need for broader funding initiatives to address financial exclusion. Danny Meyer, Director of SME Compete, also contributed to the discussion.