Copyright Society of Malawi (Cosoma) has signed a Memorandum of Understanding (MoU) with Small and Medium Enterprises Development Institute (Smedi) on provision of skills development, capacity building and linkages support to micro, small and medium enterprises (MSMEs) in the creative industry.
The two parties signed the MoU last Wednesday in Lilongwe.
Cosoma Executive Director and Copyright Administrator Dora Makwinja said the MoU has been signed as the copyright body waits to construct School of Arts through the Integrated Arts Development Project (IADP).
Makwinja, who described the MoU as a timely intervention, said that Smedi would in the meantime provide trainings.
“We are glad to partner Smedi in pursuit of enhancing the skills our members in financial literacy, entrepreneurship and marketing among others. We thank the team from Smedi for accepting to work with us,” she said.
Smedi Director of Business and Information Training Edward Chilima said he hopes that both parties will work hand in hand to develop skills of creators.
‘We expect to develop and promote players that will take arts as a business sector and grow it. Together we will look for financing institutions with an aim of increasing access to finances by our SMEs in the creative sector,” Chilima said.
IADP intends to address the challenges faced by artists in terms of the skills gap, access to financial services and availability of quality artistic products and marketing services.
This will be done by establishing School of Arts, and enhancing the capacities of Arts Savings and Credit Cooperative (Sacco) and Arts Production and Marketing Cooperative.