Stimulating Entrepreneurship and Innovative SME’s in A National Economy

Abstract

The study was aimed to explore the innovative and inclusive local entrepreneurship and SME development in Namibia. The study used qualitative methods as a research strategy. Meaning qualitative data was collected and analysed using interpretive techniques through the distribution of google form link to SMEs owner in the 14 region of Namibia. The findings of the study revealed that Namibia SMEs’s owner had no knowledge in SMEs networking with other SMEs in the 14 region. The participants further indicated there is no network platform among SMEs in Namibia that share information regarding SMEs growth and development. According to the participants engaged in the study they indicated that since 1990 some are still operating the same way and there is no partnership with other SMEs in the 14 regions of the country since independence. Therefore, the present study recommends that Ministry of trade should come up with strategies and mechanism that can empower SMEs owner to share business ideas, networking and create partnership with other SMEs in the 14 regions of Namibia and the study further recommends that the Ministry of Trade should come up with SMEs annual conference meeting that would enable SMEs owner to attend and share business ideas and be able to compete at global level.