Nujoma Opens N$27 Million Ruacana Market

FORMER president Sam Nujoma has urged financial institutions to assist small businesses by offering them loans that can enable them to contribute to the country’s economic development.

He was speaking at the opening of the N$27 million community market at Ruacana in Omusati region on Saturday, which was built by the Ministry of Trade and Industry. Nujoma, who was accompanied by the Minister of Trade and Industry, Calle Schlettwein, Omusati and Oshana governors Sophia Shaningwa and Klemens Kashuupulwa, as well as many councillors, said that 67 jobs had been created during the construction phase and 72 others by various businesses that operate at the market.

“We should learn from the past, so that we do not get oppressed by poverty and misery. We have won the political struggle but we have to fight this tougher struggle, the economic struggle,” Nujoma said.

He said the government will continue creating the necessary conditions for businesses to flourish and will continue providing support for investors and entrepreneurs to expand and industrialise the economy.

Nujoma said he was confident the Ruacana community market in the Oshifo section of the town will be a hub that brings buyers and sellers of locally manufactured products together.

One of the businesspeople, Johannes Kambwela, thanked the government, especially the trade ministry, for constructing the community market.

Source : The Namibian