The One Economy Foundation (ONE) recently hosted an Entrepreneurship Masterclass which was attended by 50 entrepreneurs, where they pitched their various ideas.
The attendees benefited from business skills development sessions, including conducting market research, business registration process, complying with statutory requirements, networking, and partnership development.
The entrepreneurs also received information on how they can leverage opportunities through the recently launched Africa Continental Free Trade Area (AfCFTA).
Johaness Shiwombolo, a chemist by profession, walked away with the N$10,000 prize for the best business idea of a detergent company he started last year following his retrenchment.
His business, SG Cleaning Chemicals, manufactures cleaning detergents such as dishwashing liquid and will now also benefit from business growth support and mentoring for three months as part of the winning prize.
“We prioritize supporting grassroots and small and medium-sized businesses as they are key to job creation, stimulating local economic development, and improving livelihoods. Therefore, we initiate, strengthen and support initiatives which improve the resilience, capacity, and capital of entrepreneurs,” One Economy Foundation CEO, Sem Uutoni said.
Following a successful Masterclass, Mrs. Monica Geingos, First Lady of the Republic of Namibia, has committed to purchasing her household cleaning materials from SG Cleaning in an endeavour to support local manufacturers. She encourages all Namibians to support local goods and services when possible.