Dar es Salaam. Small and Medium Entreprises (SMEs) have been advised to invest in profitable businesses only after undertaking a detailed evaluation of risks and available profit opportunities.
The UK-based expert, said SMEs in the country should be
cautious in decision-making to ensure areas of investment leads to prosperity.
“Bring to the market companies that gives you profit…You are supposed to make quality judgment in areas of investment of your preferences,” he said.
Mr Brickless said AIM has raised over $100 billion for companies in the UK since its inception in 1995 listing about 3,382 companies, 589 of which are international saying the country was on the right track, having registered commendable business achievements through SMEs.
According to him, prosperity of most SMEs is limited due inadequate funding , adding that AIM was expected to help bridge the existing funding gap and enable local businessperson to prosper.
“But regulation procedures should be friendly to SMEs and be treated in the same manner as larger companies,” warned Mr Brickless.
In her opening remarks, the Capital Markets and Securities Authority chairperson, Ms Grace Rubambey, said Tanzania’s SMEs had problems accessing capital, hindering their entrepreneurship growth and development.
She therefore said it was the government’s key objective to create conducive environment that will promise development and prosperity of SMEs in the country to enable the country accomplish initiatives towards poverty reduction.
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