The government has expanded the National Youth Development Fund’s age eligibility from 35 to 45 years in a bid to stimulate entrepreneurship amid persistent unemployment and economic pressures. Although Namibia’s legal definition of youth remains 18 to 35, the Ministry of Finance updated the criteria to reflect how business ventures often emerge later in life. Finance Minister Ericah Shafudah said broadening the age range will foster greater inclusivity and empower mid-career innovators.
Members of parliament have offered mixed reactions. Popular Democratic Movement representative Inna Hengari praised the move as a matter of intergenerational fairness, noting that many in their late 30s and early 40s delayed starting enterprises due to financial constraints. She argued that opening access to low-interest loans without collateral could boost sectors such as agriculture, the creative industries, and small and medium enterprises, generating wider job opportunities. Landless People’s Movement youth leader Duminga Ndala warned that the shift might disadvantage younger applicants who face steeper barriers and urged safeguards to protect the fund’s original purpose.
Launched to support young Namibians in launching or growing small businesses, the fund approved 42 projects for a total of N$14.78 million during its pilot phase, which drew 11,475 applications. Remaining requests are under review and will be announced monthly.
Members of parliament have offered mixed reactions. Popular Democratic Movement representative Inna Hengari praised the move as a matter of intergenerational fairness, noting that many in their late 30s and early 40s delayed starting enterprises due to financial constraints. She argued that opening access to low-interest loans without collateral could boost sectors such as agriculture, the creative industries, and small and medium enterprises, generating wider job opportunities. Landless People’s Movement youth leader Duminga Ndala warned that the shift might disadvantage younger applicants who face steeper barriers and urged safeguards to protect the fund’s original purpose.
Launched to support young Namibians in launching or growing small businesses, the fund approved 42 projects for a total of N$14.78 million during its pilot phase, which drew 11,475 applications. Remaining requests are under review and will be announced monthly.
