Entrepreneurship

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Browsing Entrepreneurship by Subject "Entrepreneurship - Namibia"

Now showing 1 - 3 of 3
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    Black entrepreneurship in the real estate sector in Namibia: Constraints and prospects.
    (NUST., 2003) Mooya, Manya M.
    Real estate offers a number of opportunities for entrepreneurial activity, notably in the areas of esatate agency, real estate development and consultancy services such as valuation. The real estate sector is particularly attractive to entrepreneurs because of relatively low start up capital requirements and the potential for huge returns in relatively short times. The world over is replete with examples of real estate tycoons. Thirteen years after independence, a cursory examination of the real estate sector shows that Black Namibians have not taken advantage of the opportunities available in this sector in any significant way. This is most evident in the estate agency business, where historically, White firms dominate, and in valuation services. In fact Namibia has not even a single private real estate valuation firm operating in the country and has to rely on external consultants. This paper examines the constraints which militate against increased Black participation in the real estate sector in Namibia. Focussing on estate agency and property valuation services, it shows that there are institutional, regulatory and other factors which work against Black participation in the real estate sector. The paper concludes by suggesting ways in which this state of affairs can be improved.
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    Good corporate governance - Enhancing increased accountability and entrepreneurship in Namibia.
    (NUST., 2003) Boamah, Kofi
    "Foreign Direct Investment (FDI) is viewed as a major stimulus to economic growth in developing countries" (Ama, 2003). The establishment of sound corporate governance in the public and private sector is, therefore, pivotal to Namibia attracting the essential FDI it needs to augment its economic growth. Of course, there may be often equally significant factors such as tax holidays and various investment incentives, that entice foreign investment and support economic growth. Inappropriate governance is unlikely to sway investors' decisions to bring in international resources on a sustainable basis. Good corporate governance will enable Namibia to put in place the financial infrastructure, strengthen the banking systems, develop proper capital markets by accelerating the pace of privatization and broadening the domestic investor base, formulate an appropriate regulatory framework and liberal investment regime, reform the judiciary system and contain corruption. These are the answers to the question of accountability that enhance the promotion of entrepreneurship in an economy. This paper explores the concept of corporate governance in Namibia, how accountability on the part of business leaders, companies and industries will lead to trust and support of stakeholders;and the promotion of entrepreneurship that will provide the economic growth so desperately needed to emancipate the people from economic desperation and the doldrums.
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    Innovation and entrepreneurship through business incubation - Developing a business plan for Aunt Diana's EM Derivatives, a start-up small and medium enterprise (SME).
    (NUST & Tshwane University of Technology, South Africa., 2007) Armah, P.; Zimmermann, Ibo; Kumbuli, R.
    Aunt Diana's EM Derivatives is a start-up SME (small and medium sized enterprise) business that has benefited the targeted support services provided by NUST. These services have been orchestrated by an incubator management team from the Department of Agriculture with the goal of empowering a former student to start a business that produces and markets derivatives of Effective Microorganisms (EM) in Namibia. The company has the potential of commercialising EM derivatives, providing Namibians with an environmentally friendly alternative to chemical products and strengthening Namibia's economy. Critical to the creation of Aunt Diana's EM Derivatives is the continuous assistance by the support team in the provision of a business plan, management guidance and technical assistance tailored to the young entrepreneur and owner of the company. Using Aunt Diana's EM Derivatives as a case study, this paper discusses the process of developing the company's business plan and the unique incubating services that NUST can provide to create the right environment for nurturing young entrepreneurs to create start-up companies.