RC SINGIDA PLEDGES TO FOLLOW UP CHALLENGES FACING SMES
The Regional Commissioner of Singida Region, Honorable Parseko V. Kone, pledged to make a close follow up to challenges facing Small and Medium Enterprises (SMEs). This is the response from the speech read by SMEs during the official opening of SMEs products Exhibition for Central Zone. In their speech, SMEs tried to enumerate numbers of challenges that hinder their growth include limited number of regulators authorizing being available only in some regions, high rate of interest of SIDO loan, limited number of SIDO offices being located only in regional towns and in adequate of packaging materials. The Regional Commissioner told the participants that he will follow up by using his power and energy to all Institutions responsible for supporting SMEs to ensure challenges enumerated finally get solutions.
On another hand, the Director General of SIDO, Engineer Omari Bakari highlighted on efforts being done by SIDO to support SMEs so that they increase productivity and competitiveness. He said at present SIDO in cooperation with International Trade Centre (ITC) is establishing a packaging centre which among other things will engage in production of packaging materials. Also SIDO in cooperation with CRDB PLC is implementing a loan guarantees scheme that will help SMEs to access loan from CRDB under SIDO recommendation. He finally reiterated his call to SMEs to fully utilize the available opportunity and resources so that they become competitive in the competitive environment.