Namibia: Young Artisan Benefits From Development Bank’s Skills-Based Facility

Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans.

The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or no collateral, to embark on the course of entrepreneurship. It also enables young entrepreneurs with emerging businesses to expand.

The Bank defines young entrepreneurs as aged 36 and younger, but will, in exceptional circumstances, accept applicants aged up to 40.

Acting Head of SME Finance Hellen Amupolo said Mekemo is an excellent example of what DBN set out to achieve with skills-based finance for young entrepreneurs.

Operated by Rens Mekemo Shilongo, aged 33, Mekemo Trading provides automotive services including mechanical services, spray painting and panel beating for cars, trucks, buses, farm implements and mining and construction equipment. Located in Katutura, the company

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Young artisan benefits from Development Bank’s skills-based facility

Development Bank of Namibia (DBN) has unveiled Mekemo Trading, a mechanical and automotive services provider, as a recipient of skills-based finance for young artisans.

The Bank’s skills-based facility for young artisans and professionals is designed to enable aspirant entrepreneurs with professional or artisan qualifications, but with limited or no collateral, to embark on the course of entrepreneurship. It also enables young entrepreneurs with emerging businesses to expand.

The Bank defines young entrepreneurs as aged 36 and younger, but will, in exceptional circumstances, accept applicants aged up to 40.

Acting Head of SME Finance Hellen Amupolo said Mekemo is an excellent example of what DBN set out to achieve with skills-based finance for young entrepreneurs.

Operated by Rens Mekemo Shilongo, aged 33, Mekemo Trading provides automotive services including mechanical services, spray painting and panel beating for cars, trucks, buses, farm implements and mining and construction equipment. Located in Katutura, the company

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New Network to Accelerate Skills-Based Education and Hiring – Press Release

SALT LAKE CITY–(Business Wire)–The Open Skills Network (OSN), a coalition of more than 40 employers, educational organizations, and technology providers, today announced the group is working to accelerate a shift to skills-based education and hiring by establishing a network of open skills libraries and skills data. Skills-based education and hiring are widely lauded as a more objective, equitable, and efficient way to connect today’s students with available job opportunities through a shared skills language.

Pre-pandemic, many of the nation’s top employers struggled to find talent whose skills matched their needs. And now, with more than 11 million Americans out of work, experts predict that four in 10 jobs lost will be permanent. In a time of labor market upheaval, it is critical that jobseekers be able to clearly articulate the value they bring to employers, including records of learning and skills attained through academic and work-based experiences.

“We don’t yet

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