Namibia
Namibia

Officially opening a training workshop for small to medium enterprise contractors Wednesday in the capital Windhoek, transport deputy minister James Sankwasa also said most project go unfinished because of people do not understand contracts and cannot manage their finances.

Namibia
Namibia

The training was organized by the works and transport ministry and it seeks to create awareness among contractors and to address some challenges in the sector.

Some of the challenges so far have been the slow and costly implementation and a low success rate, especially involving the projects launched as part of a three-year Targeted Intervention Program for Employment and Economic Growth in 2011.

According to Sankwasa only 40 percent of more than 400 construction projects launched every year are completed timely.

This situation, Sankwasa said, makes it difficult for small enterprises to handle huge construction projects with success.

“The ministry hopes that the end result of this program is to improve the productivity and competitiveness of our small to medium enterprises in the construction sector,” the deputy minister said.

Sankwasa also said it is crucial to understand that small businesses are the engine of growth that are critical to poverty reduction.

The training, he said, will not only improve the skills and competitiveness of small businesses but will also have indirect effects on the economic. Enditem

Source: Xinhua

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