Evaluating the Role of the Government in Providing Accounting and Management Skills to Smes in Namibia

Topics: Unemployment, Management, Economics Pages: 4 (960 words) Published: April 25, 2013
Chapter 1
Evaluating the Role of the Government in Providing Accounting and Management Skills to SMEs in Namibia

1.1 Introduction

In this chapter the researcher will evaluate the role of the Government in providing appropriate accounting and management skills to SMEs in Namibia, the statement of the problem, the objective of the study, research questions, significant of the study and limitations of the study. The problem arises when the government does not control and monitor its

According to the labor force survey of 2009, Namibia is suffering from a very high unemployment rate at present it is at about 51.2%, unemployment is one main reason why people become entrepreneurs. The creation and development of small and medium enterprises (SMEs) are fundamental to create employment, further economic growth, wealth creation, income distribution, accumulation of technological capacity and spreading the available resources among a large number of sufficient and dynamic SME’s. Mbogo,(2011), p2. The Government recognized the role of small and medium enterprises (SMEs) and the informal industry as a possible solution to employment creation and poverty reduction as this sector contributes 8.7% to the country’s gross domestic product (GDP) and is considered to employ about 15% of the total workforce. People from various income groups, gender and educational backgrounds are granted with this SME scheme’s to make a living out of it throughout the country.

The mission of the Ministry of Trade and Industry is to be a catalyst for the rapid, equitable and sustainable economic growth, through investment, industrialsation and trade. Its main objective includes the development of appropriate policies, legal framework and programmes for business, trade and industrial development and investment, promotion and encouragement of sustainable economic growth with equity and the meaningful participation of formerly disadvantaged regions, communities and individuals in...
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