Smedi lauds SME chamber formation
Small and Medium Enterprise Development Institute (Smedi) has welcomed small and medium enterprise (SMEs)move to form a chamber, saying the body will help small enterprises to be organised.
The proposed Malawi Chamber for Small and Medium Businesses Association, expected to roll out early next year, is a brainchild of Small and Medium Enterprise Association (Smea), a group of small local business entrepreneurs.
Speaking on the sidelines of a closing ceremony for a five-day SMEs training in Luchenza, Thyolo, Smedi acting chief executive officer Richard Zidana said the formation of the chamber is in line with their objective to see a robust SME sector in the country.
“There are various benefits that will come when SMEs are organised. For instance, we will be able to train and reach out to many SMEs than we are doing now as they will share the knowledge unlike training individual SMEs,” he said.
Smedi is a government entity that came into being after the merger of the Malawi Entrepreneurs Developmet Institute (Medi), the Development of Malawian Traders Trust (Demat) and the Small Enterprises Development Organisation of Malawi (Sedom) to oversee the operations of SMEs.
Smea president James Chiutsi told Business News last month that the chamber will seek to address sector-specific issues affecting SMEs once it rolls out next year.
