SME Policy Review Plans for 2003

This initiative aims at consolidating the concerted efforts of the government of the fifth phase to enable Tanzania to position itself among the middle-income countries by 2025 thanks to the industrial economy.

The plan was unveiled yesterday by the director of small and medium enterprises of the Ministry of Industry, Trade and Investment, Dr. Consolata Ishebati.

According to her, the goal is to develop a friendly policy and regulation to accelerate the development of small industries across the country, but also to allow more young people to engage in various entrepreneurial activities. 19659002] "The SIDO Act of 1973 and the Small and Medium Enterprises Development Policy (2003) are obsolete and can not comply with the current demand for the development of industries in the country, hence the need for the development of small and medium enterprises. amendments, "she explained.

She clarified that the amendment to these regulations would seek to establish favorable criteria for youth communities to obtain capital loans to establish many small industries as well as other income-generating activities. .

However, she unveiled that among the key strategies of the Ministry of Trustees to help realize the industrial economy was to associate with the private sector to organize several training for young people, especially to sharpen their skills in business management.

"We have so many projects underway to support the growth of small industries, allowing young people to engage effectively in business, agriculture and various small-scale industries," she said. added.