Government says in final stages to review small industry policy
Dar es Salaam. The government said is in the final stages of reviewing the small industry policy which seeks to stimulate development, empower entrepreneurs and provide a conducive environment for small and medium enterprises (SMEs) to thrive.
Deputy permanent secretary in the Ministry of Industry and Trade, Mr Steven Simbachawene, who was representing Minister Selemani Jafo said Tanzania has made significant strides toward boosting the country's small industries through a comprehensive policy initiative.
"The process started in 2003 where a majority of stakeholders were engaged and next week we will be meeting with SMEs to get their views on the policy,” he said today September 20 when launching the Tanzania Association of Small Scale Industries and Manufacturers.
He noted that a few procedures were being finalised, including submitting the process to the cabinet for approval.
"The initiative comes as part of the government's broader strategy to provide favourable policies for SMEs, with a focus on continuing to adjust and refine the existing framework," he said, adding that small industries are poised for growth.
"One of the key elements of the government's plan is to support the production of goods that meet international standards," he said.
He noted that through collaboration with the Tanzania Bureau of Standards (TBS), SMEs will be given access to certification programmes that will allow them to sell both domestically and internationally.
“The government will be providing loans through the National Entrepreneurship Development Fund (NEDF), to ensure that businesses have the financial backing they need to grow and compete, both locally and globally,” he said.
The director general of the East African Commercial Logistic Center (EACLC), Ms Cathy Wang, said SMEs will benefit from the government initiative to start a standard gauge railway (SGR).
"Traders will be able to transport their goods and services efficiently through the SGR," she said, noting that the EACLC will be able to introduce Tanzanian products in China and vice versa.
The chairman of the Tanzania Small Industries Development Organisation (TAMSID), Mr Masoud Kipanya, underscored the importance of local production during the launch of the organization.
"For us to progress, we must produce our products and ensure that the money remains within the country. We need to reduce imports and focus on exports to build our economy," he said.
