Government to implement measures to advance welfare of MSMEs

Government says it is implementing a number of measures to advance the welfare of Micro Small and Medium Enterprises (MSMEs).

Minister of Commerce Trade and Industry Christopher Yaluma says he is committed to ensure that the MSMES increase domestic private investment and create employment .

Mr Yaluma says with the help being given by government the SMES have the capacity to create wealth and add value to the country's economy.

He says with the adoption of economic policies and reforms that help develop industries will be good to the SMEs in ensuring job creation and livelihoods saving and investment.

He disclosed that the Citizen Economic Empowerment Fund will provide medium to long term financing for not only MSMEs but women and youth.

Mr Yaluma further encouraged the private sector, particularly, financial institutions to provide MSMES tailored financial products to help the sector grow.

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