SMEDI tips Malawi young entrepreneurs on business partnership

By Wahard Betha

Produce sale at local market in Malawi.

Small and Medium Enterprise Development Institute (SMEDI) has advised young entrepreneurs to venture into business partnerships as one way of dealing with challenges facing their businesses.

Speaking during 265 Pitch event in Lilongwe, CEO for SMEDI Rodrick Chattaika said young entrepreneurs in the country are facing challenges including lack of financial support and technical skills, which can be addressed through partnerships.

Chattaika said: “We want to encourage the entrepreneurs to rely on partnerships because one might have feasible ideas and another one resources. If these two merge, they can improve their image amongst themselves and therefore excel in their businesses.”

He said on its part, from the year 2018 to 2020 SMEDI has been working in partnerships with other stakeholders including National Bank, NBS Bank, Malawi Enterprise Development Fund, Synergy and other development banks.

Chattaika said through the partnerships, SMEDI is able to access services that entrepreneurs are lacking as well as giving the banks an opportunity of meeting upcoming business gurus.

SMEDI supported 265 Pitch event as one of its programs that gives courage to young entrepreneurs to showcase their ideas, and gain support from financial institutions.

Chattaika said the event also helps instill entrepreneurship spirit in people who get motivated by fellow entrepreneurs.

“As you know many youths in the country, even if they have the potential to innovate, are the ones who are highly affected in terms unemployment. So if we can harness their skills we can create more entrepreneurs in the country who will substantially contribute to country’s economy,” he said.

In her remarks, Deputy Minister of Labour Vera Kantukule concurred with SMEDI on the issue saying for someone to succeed in business, a partner is required.

Kantukule said: “We have people who are good at marketing while others at production. They have to come together to create a successful business entity.”

“If you look at western culture, a lot of enterprises are working as partnerships and are exceling on the market.”

She, however, said she is impressed with the growing number of young entrepreneurs in the country saying the development will help to reduce the unemployment rate which is growing at an alarming rate.

In the October 2020 265 Pitch, Mtengo Wakumunda company specialized in production of porridge flour emerged as the winner, seconded by Adamant Furniture with Adas Season Farms coming on the third position.

SMEDI is a parastatal under the Ministry of Trade, and was established in 2013 with three departments of business information and training; planning and research; and finance and administration.

136 thoughts on “SMEDI tips Malawi young entrepreneurs on business partnership

  1. If you want to use the photo it would also be good to check with the artist beforehand in case it is subject to copyright. Best wishes. Aaren Reggis Sela

  2. If you want to use the photo it would also be good to check with the artist beforehand in case it is subject to copyright. Best wishes. Aaren Reggis Sela

  3. Pingback: shop cc dumps
  4. Pingback: #1 cornhole game
  5. Polygon ( MATIC Coin) Polygon (MATIC Coin) Ethereum killer mı? Bu soru son zamanların en viral sorusu diyebiliriz. Peki doğruluk payı var mı?2017 yılında geliştirilen Matic Network 2019 yılında bir güncelleme yaşayarak Polygon adını almıştır. Bu güncelleme ile kripto para piyasasında etkin bir hale gelen proje gelişimine günümüzde de devam ediyor. Blockchain geliştiricileri ve iş danışmanı tarafından kurulan proje farklı yüksek hacimli borsalarda yer almasıyla da güven veriyor.Kullanıcılarına hız, gaz ücretinin kaldırılması başta olmak üzere pek çok konuda avantaj sağlıyor. Ölçeklenebilir yapısıyla kalabalık yatırımcı kitlesine hitap ediyor. Diğer bir değişle bu proje Ethereum Blockchain’in sunduğu ürün ve hizmetleri bir üst seviyeye taşımayı misyon edinmiştir. Dolayısıyla bu ağın eksiklerini tamamlayan proje kendisini diğer ağ geliştirici projelerle de kıyaslamayı ihmal etmiyor.

  6. Polygon ( MATIC Coin) Polygon (MATIC Coin) Ethereum killer mı? Bu soru son zamanların en viral sorusu diyebiliriz. Peki doğruluk payı var mı?2017 yılında geliştirilen Matic Network 2019 yılında bir güncelleme yaşayarak Polygon adını almıştır. Bu güncelleme ile kripto para piyasasında etkin bir hale gelen proje gelişimine günümüzde de devam ediyor. Blockchain geliştiricileri ve iş danışmanı tarafından kurulan proje farklı yüksek hacimli borsalarda yer almasıyla da güven veriyor.Kullanıcılarına hız, gaz ücretinin kaldırılması başta olmak üzere pek çok konuda avantaj sağlıyor. Ölçeklenebilir yapısıyla kalabalık yatırımcı kitlesine hitap ediyor. Diğer bir değişle bu proje Ethereum Blockchain’in sunduğu ürün ve hizmetleri bir üst seviyeye taşımayı misyon edinmiştir. Dolayısıyla bu ağın eksiklerini tamamlayan proje kendisini diğer ağ geliştirici projelerle de kıyaslamayı ihmal etmiyor.

  7. I’m really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it is rare to see a great blog like this one nowadays..

  8. I am not sure where you’re getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for wonderful info I was looking for this info for my mission.

  9. I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the net will be much more useful than ever before.

  10. Hello there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Thanks!

  11. Hello there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Thank you!

  12. Hello this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

  13. Howdy this is kinda of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

  14. Hey! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Kudos!

  15. I am really loving the theme/design of your website. Do you ever run into any internet browser compatibility issues? A few of my blog readers have complained about my site not working correctly in Explorer but looks great in Safari. Do you have any solutions to help fix this problem?

  16. Admiring the hard work you put into your website and in depth information you offer. It’s great to come across a blog every once in a while that isn’t the same out of date rehashed material. Excellent read! I’ve saved your site and I’m including your RSS feeds to my Google account.

  17. Thanks for a marvelous posting! I quite enjoyed reading it, you may be a great author.I will always bookmark your blog and will eventually come back sometime soon. I want to encourage you to ultimately continue your great posts, have a nice day!

  18. Pingback: cambodia live sex

Leave a Reply to Ccsjwz Cancel reply