Employers Consultative Association of Malawi (Ecam) has commended Technical Entrepreneurial and Vocational Education Training Authority (Teveta) for training non-financial managers in finance.
Speaking at the close of a workshop in Blantyre, Ecam executive director Beyani Munthali said it takes leaders and heads of departments who are aware of financial prudence to make relevant decisions on behalf of both their organisations and employees.
â€œTodayâ€™s managers need to be more commercially aware than ever before. Even if they do not have to manage budgets and finances themselves as part of their job, they still need to understand financial matters of their companies. We need to align ourselves to other functions of our organisations,â€ he said.
Munthali also observed that it is through such trainings that workplace challenges such as low productivity, lack of skills and related costs could be addressed.
Teveta private sector training specialist, Fatsani Nthulura, said no organisation can move forward if the knowledge level of its employees is low; hence, the need for such trainings.
â€œSome people do not understand finances of their organisations, so through such trainings we enrich their knowledge.
â€œThings keep on changing and there is need to respond to these changes to ensure that organisations are working towards gaining a competitive edge,â€ said Nthulura.
The training drew 16 participants from different organisations, including FMB, Malawi Housing Corporation, Southern Region Water Board (SRWB) and Malawi Telecommunications Limited.