The Minister of Trade, Sosten Gwengwe, announced the launch of a new Grants Programme aimed at empowering Micro, Small, and Medium Enterprises (MSMEs) in Mozambique and Malawi.
The initiative, unveiled in Lilongwe, is part of the Southern Africa Trade and Connectivity Programme (SATCP) and seeks to foster economic growth while enhancing cross-border business ties.
The programme, which will impact 15 districts along the Nacala and Beira corridor, has allocated over K10 billion in grants.
Medium and large enterprises will access over K800 million, while micro and small businesses can secure up to K40 million through the Business Plan Competition Grants.
Read also:
- SMEDAN begins ₦5 billion grant disbursement to support student entrepreneurs
- China cautions that global trade war will impact African SMEs, investment
- FG approves N120bn for vocational education, targets 650,000 youths
- Umo Eno empowers 655 small business owners, farmers in Ikot Ekpene with ₦260m support
- Fire guts shops in Kano’s Kurmi market
Managing the grants, CCM Worldwide’s Team Leader, Bronex Kathyola, emphasized the importance of transparency in the selection process, urging eligible enterprises to apply. Over 90 businesses are expected to benefit, with the financial support being awarded through a competitive selection process designed to ensure integrity and fairness.
This programme represents a significant opportunity for small businesses in both nations to grow and thrive, bolstering regional trade and economic development.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
