Page 61 - Business_Studies_F5
P. 61
Student's Book Form Five
financing programs, such as the Medium in terms of improvements to transportation
and Small Enterprises Credit Guarantee networks, customs procedures, and trade
Scheme, aim at mitigating the risks corridors to enhance market access for
associated with lending to medium-sized medium-sized businesses.
businesses through encouraging financial
institutions to extend credit to this sector. Non-government agencies
FOR ONLINE READING ONLY
Furthermore, the government collaborates Some of the non-government agencies
with international development partners supporting businesses in Tanzania are
and microfinance institutions to expand Tanzania Chamber of Commerce, Industry,
access to financial services for medium- and Agriculture (TCCIA), Zanzibar
sized businesses. National Chamber of Commerce (ZNCC),
Capacity building: Government agencies Tanzania Association of Micro-Finance
such as SIDO and the Vocational Education Institutions (TAMFI), and Tanzania Private
and Training Authority (VETA), offer Sector Foundation (TPSF). These agencies
capacity-building programs tailored to the are described as follows:
needs of different businesses including Tanzania Chamber of Commerce,
medium-sized enterprises. Such programs Industry, and Agriculture
include technical skills development,
entrepreneurship training, and managerial The Tanzania Chamber of Commerce,
capacity enhancement. These programs Industry, and Agriculture (TCCIA) serves
equip medium-sized business owners as a crucial institution in supporting the
and employees with the knowledge and growth and development of businesses
including medium-sized enterprises in
skills needed to operate and grow their Tanzania. Since its establishment in 1988,
enterprises effectively.
TCCIA has played a vital role in facilitating
Market development: Government agencies the country’s transition from a centralized,
work to create an enabling environment for planned economy to a more open, mixed
medium-sized businesses to access both economy that embraces private ownership
domestic and international markets through and entrepreneurship. By collaborating
trade facilitation measures and market closely with international organisations and
development initiatives. Export promotion the Tanzanian government, TCCIA works
programs are performed by the Tanzania to support the private sector and create an
Trade Development Authority (TanTrade), enabling environment for medium-sized
which assists medium-sized businesses in businesses to flourish. Through its advocacy
exploring export opportunities, accessing efforts, capacity-building initiatives,
trade information, and participating in and networking opportunities, TCCIA
trade fairs and exhibitions. Moreover, empowers medium-sized businesses to
the government invests in infrastructure navigate regulatory challenges, access
development, logistics, and trade facilitation market opportunities, and foster growth.
Business Studies for Advanced Secondary Schools 52
30/06/2024 19:02:33
Business Studies FORM 5.indd 52 30/06/2024 19:02:33
Business Studies FORM 5.indd 52
