Prioritise funding entrepreneurship over social grants: Sheehama

Prioritise funding entrepreneurship over social grants: Sheehama

Prioritise funding entrepreneurship over social grants: Sheehama

Martin Endjala INDEPENDENT bank researcher and economist, Josef Sheehama says one way to alleviate teenage unemployment is to foster entrepreneurship rather than focusing solely on social grants, as some people advocate. Sheehama told Windhoek Observer that entrepreneurial support appears to be a successful approach because it can lead to enhanced economic inclusion, less assistance dependency, and stronger social cohesion of forcibly displaced people throughout their displacement cycle. “Despite increased coverage of social grants and well-developed social security, poverty in Namibia has historically been high. Monthly grants can greatly improve conditions; nevertheless, they will not provide the same level of support…
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