Help for struggling businesses

Grant scheme aims to help SME’s in need

04 September 2020 | Business

Gerlinde Sauer; German Embassy; “We are happy to extend the targeted support for start-ups and young SMEs…”

Small and medium enterprises (SMEs) especially are feeling the economic brunt of the Covid-19 pandemic with many being forced to close their doors in the face of unfavourable economic circumstances.

With the country remaining in Stage 3 lockdown, the pressure on businesses is extended – evident in the number of closures and retrenchments.

To mitigate this situation, StartUp Namibia announced a second round of providing assistance via their Covid-19 start-up grant. The first round assisted 200 SMEs, while the next round aims to provide 500 Namibian start-ups with a N$15 000 cash injection.

However, recipients from the first round do not qualify for the next #StartUpSurvivalGrant.

“Looking at the massive impact Covid-19 has had on the private sector, we are very happy to extend the targeted support for start-ups and young SMEs,” says Gerlinde Sauer, the counsellor for development cooperation at the German embassy in Namibia. “Additional funding for this project is provided by the German Federal Ministry of Economic Cooperation and Development.”

She expressed the hope that innovative entrepreneurs, especially women, will be able to continue their businesses with this support, laying the basis for their growth to make an impact for a sustainable and inclusive economic recovery of Namibia.

Female-led or female founded start-ups, SMEs in the Erongo region and tourism and hospitality businesses are encouraged to apply.

Applicant businesses must be younger than 5-years and have a business bank account registered in their name.

The following must be submitted along with the application:
Founding statement from BIPA;
MSME certificate will be an advantage’
Bank statements for June-August 2020 of business bank account; and
Business continuity plan to detail the use of funds and strategies to save jobs.

Applications can be submitted online at

Applications are open until 16 September, after which an independent committee comprised of StartUp Namibia stakeholders will assess the applications received.
Beneficiaries will receive the grant in a single payment at the beginning of October 2020.

Similar News


Restaurantbedryf langs die kus toon tekens van herstel

4 days ago - 24 October 2020 | Business

Swakopmund • [email protected] Restauranteurs aan die kus sê dat hulle kwale stadig maar seker besig is om ’n onaangename herinnering te word ná die...

Designed to support local

2 weeks ago - 13 October 2020 | Business

The Buy Local Grow Namibia campaign which was officially set in motion on 1 October 2020, continues to gain momentum.The campaign which is set to...

#GrowYourBusiness talks launched

2 weeks ago - 13 October 2020 | Business

Standard Bank Namibia and the Namibia Economist launched series of online #GrowYourBusiness talks to inspire business owners and provide them with guidance, monitoring and management...

New life breathed into old mine

3 weeks ago - 07 October 2020 | Business

Swakopmund • Erwin LeuschnerDiamond company Namdeb announced the successfully sale of the Elizabeth Bay mine to Sperrgebiet Diamond Mining (SDM), a subsidiary of the Lewcor...

Op die oewer van die Omarururivier

3 weeks ago - 06 October 2020 | Business

Omaruru Die Rivendell-veiligheidsdorp op Omaruru word op die oomblik teen ’n beraamde koste van N$30 miljoen opgerig. Wanneer dit voltooi is, gaan dit uit...

Gholflandgoed vir hawedorp beplan

3 weeks ago - 06 October 2020 | Business

Die bestuurskomitee van die Walvisbaaise munisipaliteit is ten gunste daarvan dat grond aan President's Links Estate beskikbaar gestel word vir die ontwikkeling van 'n gholflandgoed...

Nantinda leads in uncharted waters

3 weeks ago - 06 October 2020 | Business

Lüderitz The general manager (GM) of Hangana Abalone, Aune Nantinda joined the O&L team as production manager at Hangana Seafood last...

Teachers thanked with free flight tickets

3 weeks ago - 05 October 2020 | Business

On the occasion of World Teacher’s Day, Qatar Airways gives away 21 000 complimentary tickets to teachers to thank them for their vital work in...

Support for 2021 census

3 weeks ago - 04 October 2020 | Business

Old Mutual handed over a sponsorship of N$120 000 to the Namibia Statistics Agency as a means to mobilise Better Data, Better Decisions and Better...

Sage by Dee remembers Walvis Bay ordeals

4 weeks ago - 30 September 2020 | Business

Walvis Bay • [email protected] Sage by Dee recently released its latest range of watches called Walvis Bay Closet Essentials Seasonal.The watch brand is owned...

Latest News

Erongo records three new Covid-19...

3 hours ago | Health

The health minister Kalumbi Shangula announced 77 new Covid-19 cases and 51 recoveries on Wednesday afternoon. He said that 1 115 results were received from...

Old guard must go and...

3 hours ago | Politics

Windhoek · [email protected] Bay Urban constituency councillor Knowledge Ipinge, who is vying to retain his seat in the upcoming local and regional authority elections, says...

Rugby Africa concludes solidarity campaign

4 hours ago | Sports

Rugby Africa announced the immediate release of €170 000 from a solidarity fund for its member unions earlier this year. The Rugby Africa Executive Committee...

Breek weg na Omaruru

4 hours ago | Events

Omaruru • [email protected] die ekonomie aan die kus weer op die been is te danke aan ’n toestroming van binnelandse besoekers, moet inwoners en besighede...

NaTIS arrives in Arandis

1 day - 27 October 2020 | Infrastructure

Arandis The deputy minister of Works and Transport Veikko Nekundi officially opened a NaTIS office in Arandis today. Nekundi said that the realisation...

Six new Covid cases for...

1 day - 27 October 2020 | Health

The minister of health and social services Dr Kalumbi Shangula announced 54 new Covid positive cases and 65 recoveries. Shangula explained that 531 Covid-19...

Law enforcement officers ready for...

1 day - 27 October 2020 | Sports

Walvis Bay The Erongo Law Enforcement Sports Association (ELESA) host the 5th edition of the Law Enforcement Sports Tournament at Jan Wilken Sports...

Swierige matriekafskeid

1 day - 27 October 2020 | Events

Hoërskool Duneside se matriekafskeid het Saterdag by die Hotel Atlantic op die hawedorp plaasgevind. Veertien matrikulante het die geleentheid met die tema “MET Gala” bygewoon...

Pophuis bou is nie speletjies

1 day - 27 October 2020 | Local News

Swakopmund • [email protected]'n Inwoner van Swakopmund het tydens 'n finansiële verknorsing as 'n toevlug hom na die maak van pophuise gewend. Koster Cronje sê hy...

Load More