OM SEED 2024 empowers 40 entrepreneurs

The Old Mutual Foundation is pleased to present the 40 shortlisted candidates for the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) Entrepreneurship Programme, which is currently in its third edition. This initiative maintains its objective to promote entrepreneurship, accelerate economic growth and address the sustainable development goals (SDGs) in Namibia in collaboration with its partners, Basecamp and the Financial Literacy Initiative (FLI).OM SEED was launched in 2022 and has reached six regions to date. This year’s focus is the Ohangwena, Oshikoto, Zambezi and Kavango West regions whereas in 2025, OM SEED will reach out to entrepreneurs in Kunene, Omaheke, Omusati and Otjozondjupa – covering a total of 14 regions in three years. Since its founding, OM SEED has played a significant role in fostering grassroots entrepreneurship by giving prospective business owners access to funding, incubator and mentorship support and is dedicated to creating a robust and welcoming entrepreneurial environment in Namibia.Patricia Olivier, Old Mutual Foundation chairperson and managing director of the corporate segment stated: "We are thrilled to announce the top 40 shortlisted candidates for the 2024 OM SEED Initiative. The expansion of this initiative into new regions marks a significant step in our mission to support local entrepreneurs nationwide. By providing them with the necessary resources and recognition, we are driving economic growth, enhancing community resilience, and contributing to the country’s sustainable development goals."RigorousThe selection process for the programme is rigorous, involving comprehensive evaluations and on-site visits to the businesses of the ten shortlisted entrepreneurs in each town. These visits, scheduled for June 2024, will culminate in the identification of the top three candidates in each town who will receive financial support and incubation assistance.Here&#039;s a list of the shortlisted candidates per region:Top 10 - ZambeziKamwi MusweuMasule Brendan NchindoThaddius MasuleShepherd NyombeGeorgina Nankole LikukelaJoseph Moowa KalokelaRhonel LibanaMercy Kachaka KachakaZecks Musiyena LinosiBeaven Simasiku MulijaniTop 10 - Kavango WestSalomi Vilkuna KambalaEster Wayivhwa HaitaMcDonald Matheus NaughuluJanuarius HamutenyaAnselm MatamuJosephine KapangoFrans KaundaJohannes SheyaLina LuiziDaniel KandjimiTop 10 - OhangwenaPeneyambeko KashimbaNiingo Martha NghishindwaAlma Naitsuwe KayofaSteve-Biko NghiwewelekwaElizabeth PovanhuVelasia DavidFestus ElagoJuso MwandingiNdapunikwa Justina WeyuluEster Magano HangoTop 10 - OshikotoTheohill VeldtschoenTwafeni Letisiya JonaVilho Linekela MushelengeMaria ShangulaRobert Natangwe JohannesClemens MupiliAlexa BurmeuTheodor ShithigonaElla NghifindakaJohannes HilukilwaAwardsThree winners will be chosen from each of the four regions: ; the first award will be worth N$50 000, the second prize N$30 000 and the third prize N$20 000. These grants will serve as catalysts, empowering the winners to scale their businesses, create more employment opportunities and significantly contribute to Namibia&#039;s economic growth and development.The Old Mutual Foundation believes that together, through entrepreneurship and sustainable business practices, a resilient and inclusive future for all Namibians can be built.

OM SEED 2024 empowers 40 entrepreneurs

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OM SEED 2024 empowers 40 entrepreneurs

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