Business

North-West body establishes divisions to open business opportunities

NOMSA NKANA, Lusaka
IN A bid to achieve economic diversification, North-Western Chamber of Commerce and Industry (NWCCI) has established divisions to harness unique business opportunities in respective districts.
Some of the areas identified with potential for diversification in the region include horticulture, aquaculture, poultry farming and animal husbandry.
Chamber president Josephine Makondo said the divisions, which are strategically positioned, are in Kalumbila, Kasempa, Mwinilunga and Manyinga.
She said this in an interview on the sidelines of the African Women Entrepreneurship Programme (AWEP) in Lusaka on Friday.
“NWCCI is instrumental in driving the economic diversification agenda in line with Government’s vision. To achieve this, one of the strategies we have employed is to open up other chambers in the district which are strategically positioned to set the tone for the programme,” she said.
Ms Makondo also called on financial institutions in the country to institute investment incentives that will allow local investors to participate in Zambia’s economic diversification agenda.
She said the prevailing high interest rates are hindering local investors from borrowing to invest in the country’s economic development.
“Women in business, particularly those in the agriculture sector, have a big challenge to grow due to lack of access to financing because of huge collateral required,” Ms Makondo said.


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