Browsing by Author "Jeomba, Jefta"

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    An examination of barriers in transitioning from informal to formal business sector in Windhoek (Namibia)
    (University of Namibia, 2022) Jeomba, Jefta; Ziramba, E
    The study examined the barriers in transitioning from the informal to the formal business sectors in Windhoek (Namibia). The statistics in Namibia indicate that there are several informal businesses in Namibia that have the potential to boost the economy. However, the transition of these informal businesses to formal businesses is not satisfactory. Thus, the study was carried out to examine barriers contributing to this slow formalization of informal businesses. The study was premised in the pragmatic research paradigm and followed the mixed methods approach. The mixed methods approach was used to draw upon beliefs, views and experiences of informal entrepreneurs on the barriers in transitioning from the informal to the formal business sectors in Windhoek. A sample of 40 businesses was drawn from five business categories. Convenience sampling technique was employed to select 40 participants who were administered with the questionnaires, which contained both close-ended and open-ended questions. Quantitative data collected from the section of the questionnaire which had close ended questions was analyzed through descriptive analysis and the frequency graphs, charts and tables were used to present the data. Qualitative data collected through the section of the questionnaire which had open ended questions was analysed thematically. The findings of the study indicated that advancements in technology challenges and lack of capital funding from banks and the government are the major barriers for the transitioning of the informal businesses to formal businesses. The study concluded that for business to be formalized, they need information, government support and sufficient technological advancement to assist them in transitioning. The study recommends that the government needs to consider the informal sector as fundamental part of its economy and come up with some solutions to integrate it into the main national economic programs, to facilitate the transition to formal sector, which will result in a high contribution to the country's GDP