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SMEs crucial in development

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MAUWA—Expectations are high

Human Capital International President Emmanuel Dei-Tumi has said small and medium enterprises are the heartbeat of the economy of any nation.

Dei-Tumi was speaking in Lilongwe during a preparatory meeting for the Religion and Enterprise Africa Summit, which will be hosted by Malawi in June next year.

Dei-Tumi said it is crucial for Malawi to effectively prepare for the summit, which will bring over 1,000 SMEs from across the continent to discuss solutions for the growth of SMEs.

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The summit is also expected to find solutions as to why many local SMEs are struggling.

“The idea is to bring many SMEs together and address things that have become barriers,” Dei-Tumi said.

He observed that the summit is expected to attract four heads of state from four regional trading blocks in Africa.

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“The summit is expected to project the investment readiness for Malawi. You know a lot of business gurus operating on the continent will come here in Malawi.

“Malawi is going to be put on the global spotlight,” Dei-Tumi said.

Director of Administration in the Ministry of Trade Sophie Mauwa said Malawi has very high expectations from the conference, which would help local SMEs learn how their counterparts on the continent have surmounted challenges faced.

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