SIDO helps emergence of 8,477 industries, creating 500,000 jobs in last 5 years

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By Moses Mahundi, Dar es Salaam
In the last five years, the Small Scale Industries Development Organisation (SIDO) has contributed to emergence of a total of 8,477 industries creating over 500,000 jobs, SIDO Director General Sylvester Mpanduji said here yesterday.

In an exclusive interview, Professor Mpanduji said out of the total, 201 are big industries, 460 medium, 3,406 small and 4,410 micro-industries. “With the support of the government led by President John Magufuli we have achieved our target by 98 percent. Establishment of these industries has increased the national income and contribute significantly to the making Tanzania a middle-income nation,” he said.

Journalists specialising in local industry reporting had wanted to know the role of SIDO towards making Tanzania a middle-income nation.

Professor Mpanduji said a middle-income economy was hugely linked to the number and nature of industries existing in a country, further explaining that only an internal market was a sustainable and dependable market.  He said a strong internal market helped in getting external markets.

He said an internal market called for quality products in order to make them popular to local consumers. “Consumers care about their money.  We appeal to industries to produce quality products that will be popular to consumers and this is the only way we can protect our local industries,” he said.

On the importance of small and micro-industries, the professor said most of the new jobs were created by the two types of industries.  He said the industries sector contributed 8.5 percent to the gross domestic product (GDP) in 2019.

The professor explained that existence of functioning local industries contributed drastically to the fight against the corona pandemic by producing enough and in time items necessary to protect people, curtail the spread of the virus and in containing and finally eliminating panic or baseless fear of the disease among Tanzanians.  Tanzania, he explained, was not dependent on foreign industries in getting  necessary items it  needed to fight the virus and protective gear it needed for medical workers.

Professor Mpanduji also said SIDO, NSSF, VETA, NEEC and the Azania Bank were working together to train entrepreneurs so that they could become creditworthy.

“In this joint project we want eligible borrower would be able to borrow from identified banks from five to 500 million at an interest rate of 13 percent,” he said.

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