WHO WE ARE!
SMEDI stands for Small and Medium Enterprises Development Institute. It is a parastatal organization under the Ministry of Industry and was registered under the Trustees Incorporation Act (Cap 5:3) of the laws of Malawi. SMEDI established from merging three entities: Small Enterprise Development Organization of Malawi (SEDOM), Malawi Enterprise Development Institute (MEDI) and Development Of Malawian Enterprises Trust (DEMAT)
SMEDI is a pioneering parastatal institution specializing in the capacity building, training,research and support of SMEs. Our business support help to generate employment, strengthenvalue chains, and develop markets to bring about inclusive growth and improved living conditions of SMEs in Malawi.
Since our inception in 2013, we have established a wide network of regional based officesSouth, Central and North, and full Enterprise Development Centre (EDC) at Mponela in Dowa.
|To develop and grow MSMEs in Malawi through provision and facilitation of demand driven business development services and enterprise information for sustainable socio economic development|
The vision is translated into high level competency, motivation, accountability as well as the client drive of SMEDI. In order to become the Centre of Excellence, we strive towards improving in all these critical areas. We aim to be the leading capacity building institution to entrepreneurs of successful Small to Medium-Sized Enterprises (SMEs) – a reputable institution that everyone wants to be associated with, do business with and refer clients to, due to our best in-sector performance.
|To have “A vibrant MSMEs sector for sustainable economic growth”.|
The mission is translated in believing in the power of entrepreneurship and assist MSME entrepreneurs with appropriate evidence-based information, data, training and business support services. SMEDI’s mission gives a clear-cut framework for everything SMEDI does. This is shown in the service range of SMEDI as well as in the approach, attitude and working methods of SMEDI staff. The success of SMEDI is ultimately measured against this mission; how well SMEDI is ensuring the growth and sustainability of the MSMEs with which it has interacted.
Our MSME outreach investment number is over 6,000 and have sustained over 20,000 permanent jobs across several sectors and industries, namely: agribusiness, ICT, agroprocessing, manufacturing, carpentry and joinery, food processing, fashion designing and tailoring, key services (water, waste &
energy), food & accommodation, wholesale & retail, and professional services. We believe in the power of entrepreneurship and assist entrepreneurs with appropriate information, capacity building and business support
SMALL AND MEDIUM ENTERPRISE DEVELOPMENT INSTITUTE(SMEDI)
Small and medium-sized enterprises make up the lion’s share of the private sector in Malawi and other developing countries and are a key driver of both economic and social development. However, despite the SME sector’s capacity to provide employment and support multiplelivelihoods, these businesses are prone to high failure rates: as many as 70 – 90% do not survive past their fifth year of operations. Banks and other institutional investors are reluctant to invest in these businesses, dooming them to the so-called ‘missing middle’ where they are considered too small for Private Equity Funds and too risky for Commercial Banks. SMEDI was established with the objective to provide a unique solution of research, information, training and support to SMEs in the missing middle to transform them into formalized and sustainable businesses that support employment and thus create lasting impact in Malawi. SMEDI’s purpose is to develop ascalable, replicable and sustainable business model for the SME missing middle. Through developing successful SMEs at scale, SMEDI aims to create jobs and measurable impact in line with Malawi Governments’ Plan to create 1 Million Jobs
With its Corporate Office in the Capital City-Lilongwe, SMEDI operates nationwide through Regional Based Offices. Each Regional Office is staffed with Regional Managers, Business Information Specialist and Business Training Specialists who provide front line support to entrepreneurs. We are constantly expanding our geographic footprint and expect to establish an Office in the Eastern Region in 2020-2025 Strategic Plan Period.
Our ultimate objective is to deliver an efficient and effective integrated solution of capacity building, information dissemination and support to base-of-the-pyramid MSMEs and to transform them into formalized and sustainable businesses that support employment and thus create lasting impact in Malawi. SMEDI’s Mandates are well aligned with the United Nation’s Sustainable Development Goals (SDG), especially SDG 8 (‘Decent Work and Economic Growth’). As such, our activities – such as Supporting the Creation of an Enabling Environment, Enhancing Access to Finance for MSMEs, Supporting Collective and Individual Entrepreneurs and Build Sustainable Malawi MSMEs, Improving Information Availability on and to MSMEs, and Enabling MSMEs to Compete in new Markets- help us to contribute significantly towards the attainment of the SDGs in our mandates of operation.
We strive to create positive socio-economic impact by supporting MSMEs. SMEDI helps to catalyze job creation by providing tailored training and end-to-end business support to small and growing businesses in Malawi.
The SMEDI Technology Programme was created as a special innovation programme to manage different business incubators (Cassava, Mango, Tomato, Gemstone, Manure, Greenhouses, and Fire Briquette processing and to facilitate technology transfer and quality interventions at th Business Incubation Centre. 6 Small & Medium Enterprise Development Institute The Business Incubation Centre (BIC) The BIC is designed to strengthen technology commercialization. This support directly helps established and new enterprises to use
technology optimally in improving the competitiveness of their products and services. Furthermore, it facilitates access to business infrastructure, strategic guidance, and Business Advisory Services, and creates an environment of learning and sharing of information.
The BIC unit ensures that small businesses have access to technical know-how, quality control
and are provided with training and possible linkages for certifications by Malawi Bureau of
While we are open to engaging MSMEs across sectors on the understanding that clients at the base of the Strategic Plan need access to a complete range of goods and services, SMEDI focuses on SGBs operating in agribusiness, agriculture, small scale mining, carpentry and joinery, food and accommodation, fashion and designing.
The Government of Malawi (GoM) through the Department of Statutory Corporations sets out a governance and performance management framework for parastatals such as SMEDI and plays a governance facilitator and liaison role. The specific responsibilities of the Department
of Statutory Corporations on SMEDI’s corporate governance includes facilitating the appointment of SMEDI Board of Directors in liaison with the Ministry of Industry and Trade (MoIT), providing governance framework and guidelines to SMEDI Board to ensure that SMEDI delivers on its mandate. The Board carries ultimate responsibility for SMEDI’s performance through its fiduciary obligation. It serves as an intercessor between the GoM, as shareholder, and SMEDI’s Executive Team.SMEDI’s Executive Management is headed by Chief Executive Officer (CEO). The CEO and Departmental Directors also carry governance roles and responsibilities. The CEO holds
technical accountability for SMEDI and reports performance to the Board as well as MoIT while Departmental Directors hold functional execution responsibility and report performance to the CEO and the Board. In addition to fulfilling governance roles and responsibilities, SMEDI Executive Team also creates more informal and formal opportunities to interact with its key stakeholders outside formal governance structures through networking, cooperation and collaboration or partnerships.To date the institution has 68 members of staff with gross turnover of MK1.4bn, operating income of MK0.098bn and net profit/(deficit) of (MK30.2million).