Thursday, May 10th 2018
GOVERNMENT says there is need to lift the financial platform of Small Medium Entrepreneurs (SMEs) in order to boost their ability on how best to manage their businesses and eventually participate in economic growth.
It was observed that the SMEs have the capacity to trigger the economic growth and that all they needed was the financial knowledge.
With this notion, Works and Supply Minister Felix Mutati says supporting the SMEs in financial and leadership responsibilities is important in bringing order to the management of their businesses.
The Minister says financial literacy for SMEs will not only help in economic growth but will also help in job creation.
And Mr. Mutati says there is need to close the gap on financial knowledge and support for SMEs in order to achieve economic growth.
The Minister was speaking in Mongu District when he paid a courtesy call on Western Province Permanent Secretary SIBANZE SIMUCHOBA ahead of the ACCA accountants’ clinics to being held in the provincial capital.
Mr. Mutati said the programme embarked on by ACCA was to supplement other being undertaken by the Citizen Economic Empowerment Commission and other government institutions.
The theme for the programme is “Enhancing Business Leadership and Financing Management, for Improved Profitability”.
MR MUTATI is attending the ACCA Accountants Clinics in Mongu as Ambassador for ACCA Global award winner for Advocacy.
And ACCA chairperson membership Sean Mukelebai said the ACCA Accountants’ Clinics hopes to help businesses to progress further in their financial management in economic growth.
Meanwhile, Mr. Simuchoba disclosed that the province plans to plant 6 million cashew nut trees over a period of three years and is hopeful that once production is in full swing the province will contribute significantly to the national treasury.
He added that distribution of cashew seedlings has already commenced in the province following the release of US$55 million for the cashew infrastructure development project which is funded by the African Development Bank.
And the SMEs clinics are taking place at the Main market situated in the central business district of Mongu Central.
A similar programme will next week take place in Chipata for the SMEs based in that city and will later spread to other parts of the country.
ISSUED BY NDUBI MVULA
PUBLIC RELATIONS OFFICER
MINISTRY OF WORKS AND SUPPLY
BLOCK 28, INDEPENDENCE AVENUE
P.O. BOX 50236