Morogoro — THE Tanzania Private Sector Foundation (TPSF) has challenged local entrepreneurs to produce quality goods to be able to compete in the world market.
The call was made on Thursday by TPSF Managing Director, Mr Godfrey Simbeye when he was opening three-day workshop for local entrepreneurs. He said TPSF fully understands bottlenecks that hinder the local entrepreneurs to grow but blamed them for lack of innovation.
"You must take into account various aspects when making a product. Always think of customers who will buy your product", he said. He said packaging should be a key in attracting a buyer, Mr Simbeye said lack of capital was another problem facing the local producers, adding that efforts should be made to support them financially.
"The commercial banks charge high interest rates which are beyond the reach of majority of the local producers", he said. He said TPSF is discussing the issue with different banks to see a possibility of giving special interest rates to the local producers. Speaking at the same occasion, Business Development Gateway (BDG) Manager, Mr Sosthenes Sambua said the number of committed entrepreneurs is growing very fast.
"What they are lacking is training and exposure to enable them compete at a higher level", he said. He said it was sad to see imported products in the supermarkets while the same could be sourced locally. The workshop has brought together 50 entrepreneurs from all over the country.
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