Kenewendo explains ministry’s new strategy

The Ministry of Investment, Trade and Industry (MITI) through its Investment Promotion Apex, seeks to bring investment opportunities to the attention of potential investors who have the capacity to provide capital, jobs, skills and technology.

MITI’s Minister, Bogolo Kenewendo at a press conference on Monday, said this.

She said that investment promotion targets both domestic and foreign companies, as its main mandate is to contribute to economic growth.

In order to achieve that, they have divided their mandate into three MITI Apexes, Kenewendo explained.

The three are Small, Medium and Micro Sized Enterprises (SMME), Investment promotion and Export Development. Under SMME development, Kenewendo explained that the focus would be to ease regulatory burden on SMMEs.

“This will entail working closely with relevant institutions to undertake impact assessment before any law, bye Law, directive or policy is implemented to ensure that it does not create any impediments to SMME development and growth,” the minister said.

 

Original Article URL: