WINDHOEK, Feb. 2 (Xinhua) -- Namibia on Thursday relaunched a revamped scheme to support small and medium enterprises (SMEs) faced with challenging economic conditions.
The scheme, titled SME Economic Recovery Scheme, was jointly unveiled by the Bank of Namibia, the country's central bank, and the Ministry of Finance and Public Enterprises at an event held in Windhoek, the capital of Namibia. It is an offshoot of the initial COVID-19 SME Loan scheme that was previously launched two years ago but failed to deliver its intended outcome.
