Prize to distinguish Mozambique’s 100 best small and medium sized companies

27 August 2012

Candidates for the prize recognising Mozambique’s 100 best small and medium enterprises (SMEs) may now be submitted, following the initiative’s official launch in Maputo, reports the Mozambican daily O País.

The contest is promoted by the Soico group and the Ministry of Industry and Commerce via the Institute for the Promotion of Small and Medium Enterprises. It aims to qualitatively distinguish eligible companies and will have three main categories: SME of the Year, Inclusive SME and Innovative SME.

It is backed by SNV Moçambique (Dutch development organisation), Banco Comercial e de Investimentos (BCI) and the BDO Moçambique consultancy and auditing firm. The aim is to select the 100 best small and medium sized companies, awarding quality and stimulating innovation.

The Mozambican business sector mainly comprises such companies, which account for 90 percent of the total. In the industrial area SMEs represent 97.4 percent of total companies and employ about 67 percent of the workforce, according to figures from the Ministry of Industry and Commerce.

“This prize publicises the SMEs without their having to spend resources on advertising,” said Industry and Commerce Minister Armando Inroga, explaining that the Soico group will use its media outlets (STV, O País, Sfm and electronic platforms) to enhance the visibility of those companies. (macauhub)