Support local businesses

The current financial and economic situation has forced many households and businesses to tighten their budgets in order to avoid going into or to effectively manage their debt, but this generally can have a negative effect of slowing down the economy even further through reduced consumption spending.

In order to curb this side effect, member-based organisation, Team Namibia, with its mandate of raising awareness for buying locally produced goods and services, now more than ever, would like to encourage all Namibians to support local businesses. This collaborative switch in consumption patterns can notably improve the trade balance and ensure that money spent, remains circulating in the local economy. Furthermore, this can create and protect local jobs, because when local businesses are continually supported, through buying their products and services, it leads sustainable economic development, which can reduce poverty in turn.
Bärbel Kirchner, account director of Team Namibia says: “Through shop-ping, buying, procuring local, we can impact the economy. This is as relevant when we buy groceries and consumer goods, as when we decide where we spend our holidays. How businesses and authorities buy their products and services also has an enormous impact, whether this relates to office supplies, corporate clothing or uniforms, IT services or indeed construction services”.
With Namibia’s negative trade balance, where Namibians buy much more from abroad and its neighbouring countries then what they sell, it is important to reverse this bad trend. Namibians must buy more locally, as buying local means that domestic needs are met domestically.