Incubation Centre to improve SMEs competitiveness

Government says it has identified leather and leather products and garments and textiles as key sectors that have potential to create jobs, contribute to skills development, exports development and forex generation and generate increased incomes for Small Medium Enterprises SMEs.

Minister of Industry, Trade and Tourism, Henry Mussa made the remarks when he officially launched a Leather Design Studio in Chileka and a Garments and Textile Incubation Centre located in the Trade Fair Grounds.

He said government recognizes that promotion of SMEs is a direct ingredient for alleviating poverty and economic empowerment.

In his words, MCCCI’s President, Prince Kapondamgaga said the incubation Centre project follows a Gemini survey which revealed that in Malawi, 80 percent of businesses are not set up for profit maximization and reinvestment purposes but to support the primary requirements of households.

Kapondamgaga said the Garments and Textiles Incubation Centre project will help put all producers at one place so that they are jointly supervised to ensure improved quality of products.

The incubation centre has been financed by the European Union to the tune of US$84,000 with the facilitation of COMESA.