Namibia
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Navachab’s ‘Golden Egg’ hatchlings increase

In an effort to nurture an entrepreneurial spirit in Namibia, QKR Namibia Navachab Gold Mine last week announced that the number of shortlisted participants in their flagship corporate social investment (CSI) initiative, the Golden Egg Project, has been increased from 30 to 48.

Launched in April, the Golden Egg Project was designed to foster small businesses by providing training and seed capital to entrepreneurs at Karibib, Usakos and Otjimbingwe.

“We were impressed by the quality of the applications we received and are thrilled to expand our reach,” said mine spokesperson Mclyn Kasale.

“These 48 entrepreneurs represent a dynamic cross-section of Namibia’s economic potential, and we’re committed to equipping them with the resources to succeed.”

The selected entrepreneurs, who span various industries such as agriculture, mechanics and cookery, will undergo comprehensive training in finance management, entrepreneurship and leadership.

The expanded cohort includes 24 participants from Karibib, 12 from Usakos, and 12 from Otjimbingwe, with 19 women and 29 men represented.

“The breadth and diversity of our participants promise a rich and engaging learning experience, not just from the training sessions, but also from each other,” noted Kasale.

The final phase of the Golden Egg Project will see all participants present their business proposals to a panel of experts. From there, 10 entrepreneurs will be awarded N$100 000 each to fund their projects.

But the benefits of the initiative extend beyond mere capital.

The project aims to facilitate networking, sharing of ideas, and ongoing mentorship from established business leaders.

QKR Navachab Gold Mine managing director George Botshiwe said the initiative was inspired by the principle of ‘teaching a man to fish’ and enouraging “potential entrepreneurs to dream big, gain tangible support in the form of financing, financial literacy training and mentorship to make that dream true”.