Mwanza MSMEs Urged to Work in Groups to Benefit
The Ministry of Trade and Industry has asked Micro, Small and Medium Enterprises (MSMEs) in Mwanza to work in groups if they are to easily have access business opportunities from government policy as well as development partners.
Chief MSME officer in the Ministry, Alexander Mtsendero, made the call after meeting Mwanza stakeholders while sensitizing them about MSME Malawi Policy 2019.
“When they are registered as a cooperatives they can easily be reached with important information, capacity building, have access to loans and get connected to potential markets in the end making meaningful profits from their products,” said Mtsendero.
Mtsendero says the objective of the policy is, among others, to provide significant information on enabling business environment such as access to markets, loan opportunity, business support services in order to promote the MSMEs in the country.
District Commissioner for Mwanza Malango Botomani commended government for providing information on the policy saying it will help promote small businesses in the district.
Botoman said: "It is important for MSMEs to be aware of what is contained in the policy for them to utilize the opportunities available to benefit more."
She assured that the district council will continue with the sensitization during business clinics which it conducts and utilize other platforms so that many are sensitized.
Mwanza district business community representative Emmanuel Mwandira commended the meeting saying it was an eye opener to those who operate businesses in the district.
“We are grateful and will form groups to create chances of benefiting from the business opportunities available for us,” said Mbwandira.
A 2019 Malawi FinScope MSME survey revealed that 1.6 million MSMEs contribute about 40% of gross domestic product (GDP) and create job opportunities for about two million people.