Govt ready to prop up SMEs

GOVERNMENT will continue to design and improve policies that help reduce income inequality in Zambia by propping up small-scale and medium entrepreneurs (SMEs), says Commerce Minister Margaret Mwanakatwe.
Ms Mwanakatwe said with sound policies it would be easier to take concrete action for a more equitable Zambia through improved policies that favoured SMEs.
Ms Mwanakatwe said implementing projects aimed at addressing income inequality and poverty reduction through entrepreneurship development was part of Government’s development agenda.
She also said Government was working hard in ensuring that better services were accessed by SMEs.
“We have observed that our SMEs are having challenges in promoting standardization of their products across the country,
“The Zambian Government through the Ministry of Commerce developed the national quality policy to enhance the regulatory framework and providing guidance in tandem with international guidelines,” she said.
Ms Mwanakatwe explained that Government was committed to ensuring that it improved the national quality infrastructure for SMEs.
“Zambia’s industry needs to have access to an internationally recognised, but supportive national quality infrastructure that can provide the required independent evidence of product compliance,” she said.
She said Government would continue to monitor the performance of SMEs with a view of improving on the service delivery to the local industry.
Ms Mwanakatwe said Government was aware of the important role SMEs played in the growth of the Zambian economy.
She explained that SMEs worldwide were recognized to be part of key players in the private sector that contributed to the growth of any country.