Government has underscored the necessity for extra entry to finance as it would assist in execution of concepts into sensible work.

Speaking on the sidelines of the official launch of the grants programme beneath Southern Africa Trade Connectivity Programme (SATCP), Minister of Trade and Industry Sosten Gwengwe highlighted the necessity for extra assist from growth companions to advertise medium enterprises in addition to younger men and women by means of funds to enterprise into companies.

“Access to finance is our biggest constraint here in Malawi whereby our young women and men are full of ideas but to turn those ideas into something practical they are constrained by access to finance, and this loan that government got at which 50% is a grant from World Bank will go a long way as medium organisations who are illegible will get access,” he mentioned.

Bronex Kathyola who’s the group lead for CCM Worldwide Consultants mentioned, the programme will amongst others assist micro and small organizations with marketing strategy competitors grants in addition to medium and enormous organizations with matching grants worthy $500,000.

“We will produce adverts in different media platforms for those who are interested in to apply for these matching grants and we are targeting the agri-business industry along the Nacala-Beira corridor that is 15 districts in Malawi,” he mentioned

SATCP will fund demand pushed threat sharing options with a medium and enormous enterprises throughout the nation within the type of matching grants. The goal of this Matching Grant is to extend entry to markets in chosen worth chains alongside the focused corridors by means of improved capability, productiveness, high quality requirements, and coordination.

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