The Small and Medium Scale Enterprise Development Corporation (SEDCO) will from next week begin rolling out a nationwide training programme for the countryâ€™s emerging business people so as to improve management skills.
The training programme for emerging entrepreneurs, which will cover project management, business accounting and quality assessment, among others, is aimed at equipping small scale enterprises with required skills to operate profitably.
The training initiative by SEDCO, which is mandated to administer funds for the development of small scale enterprise, also aims to reduce the rate of project failures among loan recipients.
SEDCO Acting General Manager, Mr Stanislaus Makusha said the corporation is seeking to prepare SMEs for the effective use of funds which will be disbursed soon.
â€œWe are now looking for funding to prepare ourselves for the resumption of lending, but while we are doing that, we want to ensure that beneficiaries have the right skills and knowledge to make good use of funds.
Mr Makusha highlighted that SEDCO is in the process of acquiring at least US$5 million from the government and other financial partners for lending to local SMEs.
With liquidity constraints currently bedevilling the economy, most sectors including small and medium enterprises are having difficulties in re-capitalising their operations, which has resulted in low production capacity.