Our MSME Council membership drive was launched on the 22nd of June, 2021 at APEC Haus, Port Moresby.
20 June 2021
I am pleased to announce that this week the Micro Small and Medium Enterprises (MSME) Council is launching a special free membership drive for MSMEs around the country. The initiative will be launched by Deputy Prime Minister and Minister for Commerce and Industry, Hon. Sam Basil. The membership drive is made possible through the kind sponsorship of Kumul Consolidated Holdings.
There are three (3) main activities conducted by the Council.
1. Advocacy for MSME Issues
The MSME Council prides itself in being the voice for the small business sector in PNG. Through various platforms both in person and electronic, we communicate with MSME owners all over PNG, understand their plight, and convey that message over to Government and relevant partners. Highlights include;
· 2019 - Advocacy for SME funding to be provided. This resulted in a K200 million allocation to the sector in 2020. K100 million was provided to BSP, K80 million to NDB and K020 million to the Department of Commerce and Industry.
· 2020 – Advocacy for Covid19 relief to MSMEs. This resulted in over lockdowns being lifted and K150 million in relief payments being paid directly to District Development Authorities and Provincial Governments.
· 2020 – Push for the reserve activity listing to be reintroduced to protect the small business sector.
· 2020 – Recommended for SME tax relief. This resulted in the IRC creating a new concessional tax program called “Small Business Tax”
· 2021 – Continual push for the reserve activity listing to be reintroduced. We have been advised that it will be tabled in the August 2021 session of Parliament.
· Regular updates are also sent to our members nationwide to update them on key issues pertaining to the sector.
2. MSME Capacity Building Programs
The MSME Council is aware of the need for our members to obtain entrepreneurial education and capacity building. We are therefore partnering with reputable organization to run training.
· In 2021, seeing the need for standardization in financial literacy training administered nationwide, we have partnered with the Center for Excellence in Financial Inclusion (CEFI) to run training of trainers programs.
· This year we are also partnering with Business Link Pacific to offer a range of affordable services to MSMEs
· Women and Youth are marginalized sectors so the MSME Council is developing specific programs for them.
· We are also exploring partnership opportunities with aid agencies and foreign development partners to further support the sector.
3. Marketing & Promotion
The Council is also launching it’s own online directory of it’s member MSMEs nationwide to help centralize that information in a one stop location and help customers both domestic and international find them. This platform will be launched this week.
To sign up for free membership, click here.
Des Yaninen, President of the MSME Council
We have a passionate team of Council Members and staff who are committed to advocating for MSMEs in PNG. We are the peak body for small businesses.
Thee MSME Council was incorporated on 26 October 2017 and the change of name approved on 12 June 2019. The inaugural AGM was held on 29 November 2019.
To provide MSMEs with the tools, framework and expertise to help them grow and to advocate and facilitate policy reforms with key stakeholders for the betterment of MSMEs.
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