Massive cash injection for Basecamp
FNB Namibia has entered into a partnership with Basecamp Namibia to invest in beneficial change for the country’s SME segment.“Our aim is to enable SMEs with opportunities for growth and skill development, in turn providing a positive change and promoting long-term sustainable value to society,” says Tomas Iindji, Head of Business Banking at FNB. “To create sustainable growth, long-term impact and support for SMEs in the Namibian economy, FNB Commercial has pledged N$900 000 towards the Basecamp Business Incubator.”
Along with this, the FirstRand Namibia Board has assigned an overall budget of N$5 million for specifically identified initiatives within the SME / Growth Segment.
The Basecamp Business Incubator Hub is a social enterprise, operating as a non-profit company. Basecamp was established to function as an incubation and innovation hub which contributes to building a thriving Namibian and African start-up ecosystem where new, innovative ideas are able to flourish and grow into sustainable businesses. Their vision is to pioneer the transformation of Namibian start-ups into future-ready leaders in innovation, economic growth, and entrepreneurial excellence.
Some of the programmes SMEs can look forward to with the Basecamp initiative include two ideation programme events, two incubation programmes, a trade-focused pre-acceleration programme and an export-focussed acceleration programme.
The Basecamp cook programme started on Tuesday and consists of eight sessions, with one taking place every week over the next two months.
FNB Namibia has selected 28 SME clients to participate in this tailored incubator programme.
FNB remains committed to growing the economy through support towards SMEs and entrepreneurs. With this partnership, along with our best-in-class services and products available to the SME market, the bank looks forward to creating shared value within society, as well as a platform of hope for people and SMEs to fulfil their dreams.