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Managing risks key for SMEs survival, says firm

Business Partners International Malawi has urged small and medium enterprises (SMEs) to proactively manage risks to survive the turbulent economic environment characterised by cost of living crisis, high inflation and interest rates

The firm’s country manager, Akuzike Kafwamba in an interview on Wednesday, called for the development of possible worst-case scenarios as well as solutions to implement if a customer is at risk of defaulting and also train the accounts team to make use of these strategies when required.

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