Business

SMEs online database coming

KALONDE NYATI, Lusaka
LOCAL suppliers will be more robust and competitive in their delivery of products and services to the larger firms following the Private Enterprise Programme Zambia (PEPZ) initiative to launch online database for small and medium-scale enterprises (SMEs).
PEPZ is expected to launch an online database for SMEs to enable the enterprises access markets online.
According to a statement issued by Langmead and Baker Limited, the programme to be launched in October in partnership with Zambia Association of Manufacturers (ZAM) and the Zambia Chamber of Mines, will encourage local suppliers to be more robust and competitive in their delivery of products and services to the larger firms.
“Big business will be able to increase local content in their supply chains with the help of a new database being developed. SMEs can gain access to new markets and demonstrate their capabilities to larger customers under the initiative,” the statement reads.
Once the database is live at www.zamb2b.com, registered corporations, known as anchor firms, will be able to search the site for potential suppliers, while SMEs can look for opportunities that match their capabilities.
About 50 SMEs will be targeted at initial stage before rolling out to other beneficiaries.
The suppliers will undergo a business diagnostic exercise that will appraise their capability to supply to the respective sectors.
Commenting on the development, PEPZ business linkages manager Andrew Kambobe said information is vital for an efficient market and that the database will bridge the gap by giving entrepreneurs wider access to customers.
“Information is vital for an efficient market and this new database will bridge that gap by giving entrepreneurs wider access to customers who can often seem difficult to connect with. Equally, it gives corporates access to an untapped pool of reliable skills and resources within the country,” Mr Kambobe said.
PEP-Z is a five-year project funded by the UK government’s Department for International Development that aims to build and strengthen the capacity of SMEs in the private sector to create jobs and contribute to the diversification of the economy.

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