SMEs capitalise on SWAiTEX
15 October 2018 | Business
The sixth edition of the Swakopmund International Trade Expo (SWAiTEX) took place at The Dome in Swakopmund this week under the theme Local Economic Growth through International Trade.
Speaking at the official opening, the executive chairman of the Namibia Chamber of Commerce and Industry (NCCI) Swakopmund branch, Paul Ndjambula, expressed his satisfaction on how the expo attracted various stalls from the SME sector.
“Due to the current economic downturn, Namibia along with our neighbouring trading partners Angola and South Africa, are facing many challenges. Through budget cuts, this expo is one of the sectors that has been badly affected by the state of the economy, along with larger companies and ministries.”
He said that when it comes to budget cuts, marketing is always hardest hit, “but we are happy that SWAiTEX 2018 has been able attract exhibitors from the SME sectors. This is good for us, as SMEs need the SWAiTEX platform most,” Ndjambula said.
Also speaking at the event, the deputy mayor of Swakopmund Maria Elago, said that the expo is crucial in the economic development of Swakopmund.
“Government has confidence in the business sector, which is considered an engine for economic transformation for the prosperity of our people. We expect the business sector to develop commercially and socially sustainable solutions to the challenges of high unemployment, poverty eradication and economic inequalities,” Elago said.