Entrepreneurs Call for Linked business
Entrepreneurs Call for Linked business
By Malawi Exclusive
More than 100 entrepreneurs who converged on the capital city, Lilongwe for this year’s Dialogue Forum with an aim of brainstorming challenges which the sector faces when transacting businesses have expressed concern over poor business environment which the country is experiencing.
The business captains gave an example of high interests and lending rates which they described as very high.During the meeting delegates encouraged each other to work as a team as well as encouraging partnerships in order to overcome these challenges.
The delegates also called for promotion of women participation in business.But George Mwase Deputy Directorin the Ministry of Trade and Industry said Government is working tirelessly to improve the business environment.
He said for example the Ministry has developed web based small scall business portal so that anyone is able to access information online.
Mwase said Government has also just put in place new policy which aims atencouraging easy access to financing.SEED Malawi Director of operations Rainer Agster has since describes the conference as succesful.
The conference is held under the theme ‘Leveraging Entrepreneurship for a Climate-Smart and Socially Inclusive Southern Africa’The SEED Malawi National Dialogue Forum this year has brought together around100 entrepreneurs, policy-makers,financial institutions, business development service providers and others to celebrate the journeys of eco-inclusive enterprises and collaboratively mobilise support for building the capacities of socially inclusive and environmentally sustainable entrepreneurship in the region, while exploring key questions together.
The event is part of the implementation of “Advancing the Transition to Inclusive Green Economies in Southern Africa through Eco-Inclusive Enterprise Development”, a project supported by the Government of Flanders.
SEED, founded in 2002, is a global partnership for action on sustainable development and the green economy.SEED believes entrepreneurship is key in driving sustainable development.
Its enterprise support programmes in Asia and Africa support small and growing enterprises with business and capacity-building support.
Its ecosystem programmes focus on policy, financing and collaboration instruments that multiply the social, environmental and economic impacts of entrepreneurship.
SEED was founded by the United Nations Environment Programme (UN Environment), the United Nations Development Programme (UNDP) and International Union for Conservation of Nature (IUCN) at the 2002 World Summit on Sustainable Development in Johannesburg.
Southern Africa continues to face challenges in addressing climate change mitigation and adaptation needs alongside objectives for sustainable and inclusive economic development. Malawi’s long-term development aims, outlined in Vision 2020 and currently operationalised by the Malawi Growth and Development Strategy III, aim at building a resilient and productive nation through sustainable economic growth, characterised by reduced gender inequalities and sustainably managed natural resources.
These national objectives translate international goals such as the UN Sustainable Development Goals and climate goals outlined in the Paris Agreement into national strategies for development and Nationally Determined Contributions to climate change mitigation and adaptation.
Small and growing enterprises that directly address environmental and social issues through their business models are essential contributors to achieving these goals in Malawi and the Southern African region.
As a form of background Climate-smart and socially inclusive enterprises provide market-based solutions that help to enhance the climate change adaptation and mitigation capacities of the Malawian economy and society.
Entrepreneurship bears immense potential to drive the transition to a green and inclusive economy while empowering the capacities of marginalised groups, including women and rural communities.
It is believed that many small and growing enterprises are unable to start-up and scale-up in light of significant barriers to accessing tailored business development services and long-term financing solutions.