CEDA-Funded SMEs Lament Over-Pricing Of Suppllies :: Mmegi Online

LETLHAKANE: Citizen Entrepreneurial Development Agency (CEDA) funded entrepreneurs have accused suppliers of over -pricing raw materials, which leads to start-up businesses experiencing cashflow problems and projects struggling to take off.

According to business owners, those who engage in these unfair business practices do so because there is a guarantee that CEDA will certainly pay because it is a Government -funded entity.

The entrepreneurs raised their concerns during a media tour of Local Enterprise Authority (LEA) projects. The owner of Contagious Construction Company and a multi-residential housing business located at Tawana ward here, Mishingo Dabutha said that he was funded by CEDA last year with over P1.6 million and managed to complete a five-unit facility of two bed-roomed houses in six months, each comprising a combined bath, toilet, living room and open kitchen.

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