NYC, Bellatrix launch Nextgen Facility

The National Youth Council, in partnership with Bellatrix Investment, has launched the Nextgen Facility, which aims to address Namibia’s evolving unemployment landscape by providing comprehensive financial and non-financial support to the youth.
Sharonice Busch, a board chairperson of the National Youth Council, said in her opening statement that in Namibia, much like all developing economies, micro, small, and medium enterprises play a crucial role in socioeconomic development. They are significant participants in creating jobs and generating income. In a country with an unemployment rate like ours, the role of MSMEs becomes even more critical.

Busch further said NextGen demonstrates the National Youth Council of Namibia’s commitment to unlocking the incredible potential of young people in Namibia and catalyzing the growth of their vibrant, innovative enterprises across various sectors.
From the Institute for Public Policy Research (IPPR)’s 2004 and 2023 Reports on MSME development in Namibia, we also know business survival rates in the Namibian MSME environment, much like global trends.
“Our hope is to equip young entrepreneurs with the financial and otherwise tools necessarysary to turn business ideas and dreams into sustainable, successful enterprises that respond to consumer problems while creating employment and contributing to socioeconomic growth, ” Busch said.

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