Zambia Chamber of Small and Medium Business Association-ZCSMBA has expressed gratitude over government’s interventions aimed at supporting the growth of the Small and Medium Enterprises-SME’s.
ZCSMA chief executive officer Moto Ng’ambi told Zambian Business Times – ZBT an interview in April 2019 that government’s decision to come up with different programmes and projects as a way of empowering and developing the sector is a progressive move towards reducing poverty levels among households.
Ng’ambia says such interventions by government will go a long way in contributing to national development adding that SME’s are the backbone of any country’s economy. He noted that currently most government’s ministries are running different programmes and projects with focus on providing funding to SME’s.
He cited the Ministry of Agriculture, Ministry of Commerce Trade and Industry as some of the ministries that have played an active role in empowering SME’s in various sector of the economy in the country
He also mentioned that the Citizen Economic Empowerment Commission-CEEC through its construction of the industrial yard project in seven provinces across the country will also help SME’s advance in their entrepreneurship skills and have access to enhanced equipment’s.
He is glad that government’s decision to engage stakeholders through its trade agreements with other countries is a good move as it will boost the growth of SME’s. Ngambi has advised SME’s to take this opportunity and benefit from the projects that have been offered.
“We are further urging SME’s not to give up at the first cite of failure because it a step in business that every person should pass through hence they should remain consistent and keep working hard. Also note that always separate business money with personal money to avoid spending on your profit,” he said.
