Minister of State in the Prime Minister's Office, Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Jenista Mhagama made the statement in Simiyu region yesterday when she visited TBS pavilion at the ongoing 3rd exhibition of empowerment funds organised by the National Economic Empowerment Council (NEEC).
The ministers’ statement came after she was briefed by TBS official, Roida Andusamile that most of the SMEs in the country fail to certify their goods due to lack of quality production premises.
“TBS needs to collaborate with SIDO to enable entrepreneurs to conduct their production activities within SIDO workshops. This will help them to produce in accordance with required standards as well as certify their goodsm,”said Mhagama.
Addressing exhibitors, Minister Mhagama asked financial institutions and NEEC to facilitate accessibility of loans to SMEs and make sure most of them are reached with the service.
She however insisted that interest rates should reasonable to allow many entrepreneurs to access loan services.
NEEC executive Secretary, Beng'i Issa urged Simiyu residents to grab the various opportunities during exhibitions that have brought together entrepreneurs and government institutions to enable them formalize their business.
Issa noted that the exhibition is also meant to sensitizing SMEs to seek funds for expansion of the businesses.
Meanwhile, TBS officials used the exhibition to educate more than 60 entrepreneurs on various procedures required before starting production of goods for local and international markets.
According to TBS, SMEs are required to register their working premises and certify their products to be able to compete in markets within and outside the country.
It also provided education to ordinary citizens on the importance of consuming certified products and how to identify expired products and differentiate between genuine and fake products.
The six days exhibition which ended yesterday attracted 48 government and private institutions