THE MINISTER OF INDUSTRY, TRADE AND INVESTMENT CALLED LOCAL GOVERNMENT OFFICERS AND SIDO TO WORK TOGETHER IN FORMALIZING SMEs BUSINESSES.
Speaking during the official launching of the 13th Northern zone exhibitionheld from 1stto 6th June, 2016 in Dodoma, the Minister of Industry, Trade and Investment Hon. Charles Mwijage (MP) who was the guest of honour among other things hestressed on growth of small industries. He said this willensure the country become industrialized by establishing small industries all over the country as perthe main objective of the 5th ruling Government. This will help in creating more employment opportunities which would help to employ Tanzanians especially youth who are almost 65% of total population.
He further added that, Industries are key drivers of GDP growth if given more attention, alsocreation of good business environment. He said ‘in order to foster industrialization, SIDO should take full responsibility of managing and developing Industries in Tanzania’. As the Government is expecting Industries to create employment opportunities at 40% by 2020, SIDO should focus on spreading their services to the Districts and village level; this would create more employment opportunities and improvement of livelihoods in the villages. SME should be assisted to formalize their enterprisesbecause as of now over 70% of SMEs are in informal sector running their businesses in an informal way. Local Government Trade Officers should start working in partnership with SIDO to enable the SMEs become formal.
SIDO Dodoma was the host region of the Northern zone exhibition which comprises of five regions of Arusha, Manyara, Kilimanjaro, Dodoma and Tanga. About 233 SMEs participated in the exhibition whereby total sales and orders were worth 160,922,400. Moreover various Institutions who diversely work in partnership with SIDO to promote and develop SMEs in different areas participated