Business

Youths urged to register businesses

Young entrepreneurs in the country have been urged to register their enterprises to enjoy benefits that come along with being registered.

Acades Programmes Manager, Madalitso Chipekwe, made the call in Lilongwe yesterday on the sidelines of a Business Regulatory Framework Workshop her organisation held to enlighten the entrepreneurs on how to register their enterprises.

Chipekwe said registered businesses can easily access loans from banks as well as compete for business opportunities with well-established institutions.

“When you get registered, it is easy to get certification from the Malawi Bureau of Standards (MBS) which would give the entrepreneurs a chance to have their products accepted in major supermarkets.

“In addition, through registering, one would easily do business with government, which is the biggest buyer in Malawi,” Chipekwe said.

Maoni Attorneys and Consultants Legal Practitioner, Issah Mustapha Hassan, said it was critical for young entrepreneurs to appreciate the regulatory environment to ensure that they do not break the law.

The workshop saw institutions such as the Malawi Confederation of Chambers of Commerce and Industry (MCCCI), Malawi Revenue Authority, MBS and commercial banks make presentations.

One of the participants, Donasiano Namathanga, hailed Acades for organising the workshop which, he said, helped the young entrepreneurs appreciate how to access many things, including bank loans.

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