BSF and GreenTec Capital Partners join forces to assist SMEs

Business Financial Solutions (BFS) and Germany-based GreenTec Capital Partners have entered into a strategic partnership to join forces regarding capacity building, investment readiness, and fund-raising assistance to start-ups and SMEs in Namibia.

In a media statement issued on Tuesday, BFS, a Namibian investment management firm that provides financial solutions to SMEs and GreenTec Capital Partners, a long-term investor in African start-ups and SMEs with a focus on combining social and environmental impact with financial success, joined forces in order to further stimulate entrepreneurship in the country.

By applying a unique Venture Building model, the partners aim to tackle the maturity, infrastructure, and funding gaps that young SMEs and start-ups are facing in Namibia, while at the same time de-risking them for investors, by applying their support and expertise, the statement reads.

The statement indicates that through this partnership, BFS and GreenTec will support high potential Namibian start-ups and SMEs in their growth from the proof-of-concept stage to market fit and sustainability, by providing operational support, company formation and building, investment readiness, and go-to-market strategies and execution.

The statement further indicates that ventures or SMEs that will be assisted will be selected based on their impact, the value they can add, and their economic sustainability.

The newly formed partnership comes as Germany plans to invest about N$ 2 billion in Namibia over the next 2 years.

Source: Namibia Press Agency