By Andrew Mwanandiye Tembo
Ministry of Youth and Sports in partnership with Small and Medium Enterprises Development Institute(SMEDI)says is set to reach out to 20,000 youths with business management skills country wide.
This was disclosed by Minister of Youth and Sports,Honorable Uchizi Mkandawire on Thursday in Blantyre during the official opening of a one week Business Management and mindset change training of trainers for district stakeholders.
Mkandawire said:”Following the National Youth Service Launch which took place in July 2022 in the country, we are to conduct trainings to mentor youths in different business skills country wide.”
The minister added that the ministry has already reached 3000 youths with the initiative.
On his part, Chief Executive Officer for SMEDI ,Rodrick Chataika said he has so far, communicated with money lending institutions to support the initiative for business capital among the youths through accessing the loans.
“We have linked with NBS banks,Standard bank and Centenary bank formerly know as My bucks to facilitate the initiative,” said chataika.
One of the participants who is the District Youth Officer for Thyolo district Baldwin Mkumbadzala commended the ministry and Smedi for the training, which they will use the knowledge gained to empower the Youth to start their businesses.
The training is involving 4 Officers from all the District councils in the Southern Region and will train beneficiaries in their Districts.
SMEDI is a parastatal organization under the Ministry of Industry, Trade and Tourism (MoITT).
Its mandate is to promote the development and growth of SMEs in Malawi to;
(a) create an enabling environment for business growth
(b) to facilitate access to finance
(c) to provide information on markets for MSMEs
(d) provide business skills trainings.
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