SWAKOPMUND: The first phase of the Arandis first open market in the town was officially launched and revealed on Friday.
Speaking at the opening ceremony the town’s Mayor, Daniel Muhuura, indicated that the launch was welcomed by the Small and Medium Enterprises (SMEs), especially the once trading as hawkers as it was their wishes and aspirations which turned the market into business units that was unveiled.
“Based on the fact that SME’s are the backbone of the economy, we sat down and formalized strategies that will enable the hawkers to have a formal trading zone,” he said.
Arandis Town Council (ATC), conducted a baseline study in 2005 in order to understand the economic challenges the town faced with possible mine closure, the study revealed that Small and Medium Enterprises (SMEs) included a large spectrum of enterprises.
It also included business ranging from survivalists to prosperous and modern firms. This meant that there is a growing interest in developing countries in promoting the growth of SMEs.
One of the main objectives of the ATC’s five year strategic plan is to facilitate the diversification of economic activities within the town.
The need for trading space was identified as a majority of the SME’s have been operating from residential premise, depriving them from exposure and improved service delivery. The informal traders requested the ATC to create a formal facility whereby they can operate from the benefit of gaining exposure of their products.
Muhuura continue to say that it was with the assistance of AREVA Resources Namibia, the ATC managed to complete the first phase of the open market to the tune of N.dollars 515 192.27. “The market has a capacity of hosting 16 business units, however our overall target is 30 units,” the mayor added.
Since the informal market will cater for approximately 30 mixed traders, he urged other institutions to match the example made by AREVA.
Hilifa Mbako, Country Manager of AREVA stated that, local economic development with a specific emphasis on support to SME’s, is AREVA’s focus for 2012.
In addition, Muhuura also stated that the town has outgrown the fear of progress and believes that partnering with investors will pave the way for the town to become an industrial hub.
The Mayor further told the hawkers present that they should make use of the space as a benchmark to step into the bigger business industry and not remain hawkers.
(edited)SWAKOPMUND, 29 JUL (NAMPA) – The first phase of the Arandis open market was officially opened on Friday.
Speaking at the opening ceremony, Arandis Mayor Daniel Muhuura said the opening of the first-ever open market here was welcomed by Small and Medium Enterprises (SMEs), especially those who were forced to operate as hawkers before.
“Based on the fact that SMEs are the backbone of the economy, we sat down and formalised strategies that will enable the hawkers to have a formal trading zone,” he said.
The Arandis Town Council conducted a baseline study in 2005 in order to understand the economic challenges the town faced. The study revealed that SMEs operating at the town included a large spectrum of enterprises.
The need for trading space was identified as one of the main needs of the small businesses as many of them conducted their businesses from their residences, depriving them of exposure and proper service delivery.
The informal traders then requested that the town council create a formal facility from which they could operate. This would also mean more exposure for their products.
Muhuura said Areva Resources Namibia assisted the town council with an amount of N.dollars 515 192 for the first phase of the open market.
“The market has the capacity to house 16 business units, however, our overall target is 30 units,” the mayor explained.
He urged other institutions to emulate Areva’s example.
In addition, Muhuura stated that the town has “outgrown the fear of progress” and believes that partnering with investors will pave the way for it to become an industrial hub.
He also told the traders present at the opening that they should use the space as a stepping stone to the bigger business industry, instead of remaining small businesses.
Areva Country Manager Hilifa Mbako indicated that Areva’s focus for 2012 is local economic development with a specific emphasis on supporting SMEs.