SBDC eyes K40m project

THE Small Business Development Corp (SBDC) has a K40 million, three-year plan that will take off next year.
A good portion of the amount would focus on advertising alone to promote small-scale business activities.
SBDC’s manager for corporate services Peter Kamara said advertising was important because the organisation needed to make known its programmes to targeted small to medium enterprises (SMEs) along with the existing and potential entrepreneurs.
The small industries include cane weaving, leather, and small engineering work such as brick making, among others.
He said SBDC management was now in the process of putting together a work plan for next year.
Mr Kamara said the National Government appropriated K11 million for SBDC projects.
He said they also needed to come up with work plans for projects that would get appropriations from the National Government in the next two years.
The K11 million will come from a total of K13.45 million grant to SBDC next year.
The balance of K2.45 million would be used on administrative expenses.
The programmes and allocations from the K11 million for next year are as follows: School-based know about business (KAB), K2 million; small industry, K1.5 million small and medium enterprises (SMEs) development programme, K7.5 million.