Namibia Strengthens Economic Recovery with SME Focus

The government is prioritizing economic recovery by investing in small and medium enterprises. During his budget motivation speech in Parliament on 13 February 2025, Finance Minister Hon. Iipumbu Shiimi highlighted efforts to support local entrepreneurs as a key strategy for growth. Finance Minister Iipumbu Shiimi says SMEs will play a critical role in Namibia’s economic recovery. Measures include funding incentives, tax relief, and business development programs to ensure that small businesses can thrive and create jobs. Parliamentary Spokesperson Sackeus Kadhikwa confirmed that these initiatives are expected to boost economic resilience and empower local businesses.