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Fish consumption trust to create SME empowerment opportunities

SMALL and medium-sized enterprises (SMEs) with potential will soon be able to establish and grow businesses in fish retailing.

This comes after the Namibia Fish Consumption Promotion Trust (NFCPT) partnered with the Namibia University of Science and Technology’s Business Innovation Institute (NBII) in August, to assist with conducting and implementing a project to grow the fish redistribution sector through SMEs.

This information was shared with the media at the NFCPT office at Walvis Bay on Friday.

The project worth N$807 200 is titled: ‘Identifying innovative distribution agents for Namibia Fish Consumption Trust’. It aims to attract, train and recruit potential business start-ups and established SMEs to establish and grow fish retail businesses.

The project will increase the accessibility of fish to the Namibian population, through partnerships with potential agents who will make fish available in towns and localities where the NFCPT does not have fish shops.

It will also also allow participants to gain knowledge in business administration through training by the NBII.

NFCPT chief executive officer Victor Pea said: “We are eager to contribute meaningfully to the creation and strengthening of the local economy by encouraging Namibians, particularly the youth and women, to take up opportunities that will grow the local economy using our own natural resources such as fish.”

The project is expected to be implemented in three phases, the first of which will deal with capacitating potential start-ups, SMEs. The pilot phase will be conducted for 17 months.

Training will start on different dates between 11 October and 16 November at Ruacana, Helao Nafidi, Oshana, Divundu, Epukiro, Okahandja and Oranjemund.

Training for prospective applicants will be offered for free, and public notices will be published in the print media this week.

The two-day training for each region will be limited to 30 participants per training session, per centre. Youth and women-led business start-ups, SMEs and, other retailers are encouraged to apply.

Under the second phase, applicants who succeed by submitting viable and sustainable business proposals as distribution agents will receive additional capacity building and mentorship once they start operating.

The purpose of the training will be to ensure successful business continuity and sustainability of their respective businesses beyond one year of business operations.

The NFCPT currently owns and operates 18 fish shops in 17 towns covering all 14 regions of Namibia.

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