Enterprise: foster SMEs, governments told.Africa has been told to put more time, money and effort into its entrepreneurs or face the consequences of development decline. "Without development of the small and medium-sized Me´di`um-sized` a. 1. Having a medium size; as, a medium-sized man s>. Adj. 1. medium-sized - intermediate in size medium-size, moderate-size, moderate-sized enterprises, Africa won't develop," Joseph Nyamunde of the Southern African Development Community's finance resource centre told an SADC SADC Southern African Development Community SADC State Agriculture Development Committee SADC St Albans District Council (administrative authority for St Albans, Hertfordshire, UK) SADC Sector Air Defense Commander risk management seminar in Cape Town Cape Town or Capetown, city (1991 pop. 854,616), legislative capital of South Africa and capital of Western Cape, a port on the Atlantic Ocean. It was the capital of Cape Province before that province's subdivision in 1994. . [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] [ILLUSTRATION OMITTED] "Governments could offer tax holidays to SMEs and target the private sector to invest in small businesses via subcontracting or franchising arrangements. Big business must not look at SMEs as a threat, but rather work with them." In Nyamunde's view, governments need to change legislation to more favourably encourage the SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. sector, "the backbone of economies in Africa". |
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