SIDO appeals to entrepreneurs to form groups to benefit from govt's

28Jul 2020
By Guardian Reporter
The Guardian
SIDO appeals to entrepreneurs to form groups to benefit from govt's

THE Small Industries Development Organisation (SIDO) in Dodoma has appealed to entrepreneurs in the region to work in groups in effort to benefit from the recently announced loans from the government.

The appeal was made here by SIDO regional loan officer, Justine Kahemela saying beneficiaries are those with small and medium industries, engaged in agricultural activities, livestock keeping and other enterprises. He said at least 21 youth and women entrepreneurs received a total of Sh 25,500,000.

He called on various SMEs in the region to tap the opportunity aimed at increasing industrial process in the region as outlined in the government initiatives through the nationwide industrialisation plan.

“There are new opportunities for SMEs empowerment that the government has started, I therefore call upon those in Dodoma region to tap this and help move forward,” he said.

He explained that the government recently launched SMEs lending project dubbed, the “SANVN Viwanda Scheme” through which at least 1,385 direct employment opportunities will be employed.

Kahemela noted that operational manual for financing the SMEs in the industrial sector was launched late last week.

The National Social Security Fund (NSSF) is the project sponsor and other stakeholders are Azania Bank, SIDO and the Vocational Education and Training Authority (VETA) under the coordination of the National Economic Empowerment Council (NEEC).

According to Kahemela, provision of the loan is in line with President John Magufuli’s promise to steer the country towards industrial economy so as to help create jobs and bring development to people.

He said his office will continue cooperating with regional residents to help them identify available opportunities that can enable them benefit both local and international market.

The loan officer also urged entrepreneurs to have the Tanzania Bureau of Standards (TBS) certification, an important assurance of quality products.

Speaking on the same, the Tanzania Chambers of Commerce, Industry and Agriculture (TCCIA) Dodoma Regional Secretary, Idi Senge thanked the government for the new move to empower SMEs and boost industrialisation in the country.

He called on entrepreneurs in the region to change their mindset, expand business and produce in accordance with the market demand.

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