SMEs tipped on penetrating international markets


Malawi’s Small and Medium Enterprises (SME) have been tipped on how they can penetrate international markets as one way of generating foreign exchange for the country.

Speaking in an interview with Malawi24, Small and Medium Enterprise Development specialist McDonald Mkandawire said Malawian goods have potential of generating foreign exchange for the country.

McDonald Mkandawire

We are working hard: Mkandawire

Mkandawire further said that his institution is geared up to bring SMEs together through a trade symposium to be held on Wednesday in Blantyre. The symposium that is to be done under the theme

“Value Innovation for Sustainable Exports and Economic Development” is set to help local SMEs in taking away the challenges rocking Malawi products on the international markets.”

“We want to provide the technical knowhow to go with our products to be on stands on the international markets, our products are good but we always find that they are sidelined when they are on the international market as well as local markets,” said Mkandawire.

He further said Malawi will reap fruits of the strategy through accumulation of forex as the country will change from an importing nation to an exporting one.

The specialist added that it is high time Malawi consolidated efforts in realizing sustainable export growth and economic development.

The symposium will been co-hosted by Small and Medium Enterprise Development Institute (SMEDI) and Micro Small and Medium Enterprise.

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