Malawi 2019 - Micro, Small and Medium Enterprise (MSME) Survey

a modern and effective framework that That survey was integral to verifying the will guide the development of vibrant, size and scope of the MSME landscape The FinScope MSME Survey is a competitive and sustainable MSMEs in Malawi and the levels of access to nationally representative study in Malawi. [...] The • structure the MSME sector into development, acting as a springboard demographic profile of MSME owners, market segments and identify the for the economic advancement of the as well as the profile of businesses and needs of each to stimulate related country. [...] In addition, they are an Cognisant of the need to promote MSMEs in Malawi, both important channel for poverty alleviation through economic the Government and the private sector established initiatives, empowerment and participation, particularly for women, the interventions and institutions to promote these businesses and youth and the marginalised sections of society. [...] The agencies taking an active role One in three business in the development of Malawi’s MSMEs include the Small and Medium Enterprises Development Institute (SMEDI), Malawi owners were found to be Investment and Trade Centre (MITC), the Malawi Bureau of Standards (MBS), and the Malawi Confederation of Chambers of very willing to abandon Commerce and Industry (MCCCI). [...] The usage of technology and The impact of technology as a critical enabler in business is IT skills in the sector is still in its infancy according to the well researched, particularly in the streamlining of production survey findings.