The bill on SMEs, recently adopted by the Council of Ministers, introduces several new measures aiming the emergence of companies’ growth and sustaining it, a senior official with the Ministry of Industry and Mining told APS.
First, the bill makes an adaptation of the definition of SMEs by updating thresholds for turnover and balance sheet for all the categories of SMEs in relation to the changing economic reality like the value of the dinar, inflation and other factors, said Director General of SMEs at the ministry, Abdelghani Mebarek.
The bill also enables SMEs which 49% of shares are held by one or more private firms and those which are listed in the Stock Exchange to benefit from the provisions of this future law
Regarding the measures on the institutional overhaul, the same official emphasized that a better overall consistency of the institutional system requires an organizational adaptation based on strengthening the response capacity of supporting instruments and defining the needed resources.
Such an organization, according to Mebarek, is likely to promote the necessary synergy with ANDI and the complementarity with other support agencies for the creation of companies and start-ups (Ansej, Anvredet …).
Furthermore, the ANDPME will be reinforced by two new departments: the first concerns ” information system on SMEs” while the second will be dedicated to the “Promotion of Subcontracting.”
Credit: All Africa