Government says SME policy ready, to be launched soon

Government has announced that the Small and Medium Enterprises (SME) policy is ready and will be launched in due course.

The announcement was made on Friday by the Ministry of Small and Medium Enterprise Development Permanent Secretary, Subeta Mutelo, at the SME Stakeholder Engagement Event in Lusaka organised by Prospero Limited.

“The policy speaks to Zambia’s vision 2030 and beyond. The policy outlines the vision of the sector,” Mutelo explained.

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She also indicated that government’s next step was the Micro, Small and Medium Enterprises (MSMEs) act whose driving force was aligning all other policies and legislation.

Mutelo stressed government’s euthusiasm to facilitate and provide for a conducive business environment for MSMEs.

Speaking earlier, Prospero Limited Board Chair, Nitesh Patel, said that the firm had been supporting MSMEs since 2014.

“We are dedicated to playing our role in shaping the implementation of Prospero’s mandate to position Zambian SMEs and help them attract impact capital, through the growth stage and eventually leading to large scale commercial realisation,” he said.

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