Business

Small-scale businesses need support

NOMSA NKANA, Lusaka
ZAMBIA Chamber of Small and Medium Businesses Association (ZCSMBA) has called for technical support from co-operating partners in aquaculture, food processing and small-scale manufacturing to enable members to venture into the sectors.

ZCSMBA chief executive officer Moto Ng’ambi said the support should also be extended to rural areas as opposed to the line of rail only.

In a statement availed to the Daily Mail recently, Mr Ng’ambi said association members lack skills development to venture into sectors that may be new to them.
“Our members would like to venture into aquaculture, food processing and small-scale manufacturing but they lack the skills to help them understand the trade,” Mr Ng’ambi said.
He, therefore, called on co-operating partners to rather consider providing more of expertise to ZCSMBA than financial support only.
Mr Ng’ambi said ZCSMBA would like to take advantage of such expertise to build capacity in the members and create awareness of viability of the sectors for them to make informed decisions as they venture into the businesses.
On the European Investment Bank (EIB) business model, Mr Ng’ambi called on the financial institution to replicate the fund to other districts in the country.
In 2016, the EIB made available over K620 million to five financial institutions in Zambia for them to provide affordable credit services to micro and small businesses in Zambia.
However, this project has only been implemented in Solwezi, Kitwe, Ndola, Lusaka and Livingstone.
“More players need to come on board to spread to the rest of the districts to create uniform value for all, especially the rural areas and newly-opened districts,” he said.

 

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