NTF, NIFA sign MoU to strengthen MSME trade

The Namibia Trade Forum (NTF) and the Namibia Investment and Finance Academy (NIFA) on Tuesday signed a memorandum of understanding (MoU) aimed at strengthening stakeholder cooperation and enhancing the trade readiness of micro, small and medium enterprises (MSMEs).

Speaking at the signing ceremony, NTF Acting Chief Executive Officer Rodney !Hoaeb said the partnership gives practical effect to Namibia’s trade competitiveness objectives.

He noted that while Namibia has signed several continental trade agreements, many local enterprises remain ill-equipped to take advantage of the opportunities due to regulatory, institutional and capacity-related gaps.