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Smedi to introduce Small and Medium Enterprises awards

The Small and Medium Enterprise Development Institute (Smedi) will this year introduce Micro, Small and Medium Enterprises (MSMEs) awards in recognition of the role they play in contributing to economic growth.

The awards are expected to be given out to deserving Msmes next month.

Smedi Publicist, Mian Mpesi, said, despite having knowledge, innovative ideas and making remarkable contributions to nation building, most entrepreneurs do not come into the limelight and their efforts and success are not fully known by the business world.

She said Smedi appreciates the contributions made by MSMEs in different sectors as well as stakeholders that work towards promoting MSMEs in the country.

“Smedi, therefore, intends to organise Best MSME awards that will help publicise the meaningful contributions they have made. This will motivate existing and emerging entrepreneurs to successfully run their businesses in their respective fields. The award winners will act as role models, hence encouraging others into entrepreneurship,” Mpesi said.

She further said MSMEs are a powerful force for socio-economic change in developing countries.

She said that, as a result, efforts of individuals and organisations that have excelled and contributed meaningfully to the development of the nation through small businesses need to be acknowledged.

“We are mandated to promote and develop MSMEs in the country, hence appreciating the efforts of SMEs will mark the beginning of a renewed thrust towards excellence, indigenisation and promotion of “Buy Malawi Campaign”,” she said.

According to Mpesi, the awards will be in three categories, with the first prize winner will get K200,000. The second prize will be K150,000 while the third prize winner will earn K100,000.

The winners will also receive a trophy and free business management and entrepreneurship training from Smedi for all staff members.

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