Empowering Youth and Small Businesses Through YEDI
The Municipality of Swakopmund has taken a significant step towards fostering economic growth by launching the Youth Entrepreneurial Development Initiative (YEDI) on Friday, 11 July. This initiative is being supported by the Langer Heinrich Uranium mine, which has contributed N$1 million to help bring the programme to life.
Swakopmund Mayor, His Worship Blasius Goraseb, emphasized that YEDI aims to empower local youth and small business owners by equipping them with the necessary tools, training, and support to succeed in today’s competitive business environment. The programme is designed to provide practical assistance that can make a real difference for aspiring entrepreneurs.
“Through YEDI, local entrepreneurs will receive support in the form of equipment and mentorship,” said Goraseb. “This initiative is focused on emerging youth-led businesses, helping them to formalise and grow. Whether it’s a young woman who wants to start a catering business or a young man trying to expand his mobile car wash or digital service — this is the kind of grassroots entrepreneurship we want to uplift.”
The programme aligns with the government’s renewed focus on job creation, youth empowerment, and sustainable development. By forming strategic partnerships and adopting a people-driven approach, YEDI is expected to serve as a catalyst for change and promote economic inclusion in Swakopmund.
Key Features of YEDI
- Support for Startups and Expansions: YEDI offers resources and guidance to both new and growing businesses, ensuring they have the foundation needed to thrive.
- Mentorship Opportunities: Experienced professionals will be available to provide advice and support, helping participants navigate the challenges of running a business.
- Equipment Assistance: Access to essential tools and machinery can significantly reduce the initial costs for new entrepreneurs.
- Training Programs: Workshops and seminars will be conducted to enhance skills in areas such as business management, marketing, and financial planning.
Application Process and Timeline
The application period for YEDI is open from 11 July to 11 August 2025. During this time, interested business owners are encouraged to apply and meet specific eligibility criteria. These conditions are designed to ensure that the programme benefits those who are most in need and have the potential to make a positive impact on the local economy.
Participants will be required to submit detailed proposals outlining their business plans, goals, and how they intend to utilise the support provided by YEDI. A selection committee will review all applications and choose the most promising candidates to participate in the initiative.
Long-Term Impact
By focusing on youth and small businesses, YEDI is not only addressing immediate needs but also laying the groundwork for long-term economic stability. The initiative is expected to create jobs, stimulate innovation, and encourage a culture of entrepreneurship within the community.
Moreover, the involvement of the Langer Heinrich Uranium mine highlights the importance of public-private partnerships in driving development. Such collaborations can lead to more sustainable and impactful outcomes, benefiting both the private sector and the local population.
Conclusion
The launch of YEDI marks a pivotal moment for Swakopmund, offering hope and opportunity to its youth and small business owners. With the right support and resources, these individuals can turn their aspirations into successful ventures, contributing to the overall growth and prosperity of the region. As the programme progresses, it will be crucial to monitor its impact and continue refining strategies to ensure its success.
