Maputo, Mozambique, 21 Feb – The government of Mozambique Friday launched the Business Subsidy Mechanism (Mese), an instrument that aims to boost small and medium-sized enterprises (SMEs), to improve its competitiveness, Mozambican newspaper O País reported.
The minister for Industry and Trade, Armando Inroga said that Mese would solve a number of problems faced by SME’s, notably difficulties accessing credit, which affects their competitiveness.
Also according to the minister, the instrument has US$4.5 million in funding to support eligible companies.
Total available funding is US$25 million, which will be paid out in stages, and the US$4.5 million accounts for the first stage.
The initiative is expected to improve the volume and quality of final products that SME’s put on the market, securing the link between several economic sectors and creating added value for primary production.
In order to gain access to the Mese programme, its manager, economist Artur Gobe said that, “all PME’s are eligible, but there are aspects that must be noted, such as organisation of accounts, marketing, innovative capacity (bringing new products and services to the market,) amongst others.” (macauhub)