Small and Medium Enterprises (SMEs) have been encouraged to create more employment opportunities for Malawians as they expand their operations and contribute to national development.
The call came as National Bank of Malawi (NBM) plc was concluding its SME Month initiative, aimed at engaging and supporting small and medium enterprises across the country.
As part of the campaign, the Bank’s Head of Treasury and Investment Banking, Harry Mukaka, visited ZAMM Investments and Shoe Rubber in Lilongwe, where he emphasised that SMEs have a vital role to play in complementing government efforts to reduce unemployment by creating more jobs as they grow.
He said that while the government continues to implement policies to boost the economy, it is equally important for the private sector, especially SMEs, to actively contribute by expanding their workforce and offering sustainable employment opportunities for Malawians.
“Our aim of supporting SMEs is to see them grow and contribute to the economic growth of the country, and one way of achieving that is through creating employment opportunities for Malawians,” Mukaka said. “We are glad to see that ZAMM Investments has managed to employ 300 Malawians.”
ZAMM Investments Managing Director Mohamed Tutla commended NBM for its continued support and engagement. “It is very important that NBM visits us and appreciates what we are doing. The struggles are there about forex, but NBM gives us an opportunity when there is one,” he said.
ZAMM, producers of Cool Drop bottled water, Cool drinks, and toilet paper, was one of 50 enterprises that exhibited their products during the SME Day showcase on 28th June in Lilongwe, which featured innovative businesses from across the country.
