Business ignorance worries State

The culture of entrepreneurship and business practice is still not well developed among Zambian citizens, says Government .

And the Zambia Institute of Marketing  (ZIM) has launched a new logo which members feel will adequetly represent the institution.

Commerce Deputy Minister Raymond Mpundu said the lack of a developed entrepreneurship could be related to a cultural mindset of dependency and low propensity for risk taking.

He was speaking yesterday when he opened the 19th Annual General Conference and awards presentation for ZIM in Livingstone.

Mr Mpundu said the low levels of entrepreneurial skill and management competencies have inhibited the ability of most Micro, Small and Medium Enterprises  (MSMEs) to grow beyond established phase.

“In order to inculcate the culture of entrepreneurship among citizens which is critical to the growth of the economy,  our government through my ministry is undertaking some steps. Some of the steps are to facilitate entrepreneurship training at all levels of the education system.

“We are also developing a different entrepreneurial schemes to inculcate a culture of entrepreneurship among citizens. Developing youth enterprises programmes that promote establishment of business enterprises among youth,” he said.

The deputy minister said that government therefore saw the promotion of entrepreneurship as the new pillar in the quest for social-economic development,  wealth creation and youth development.

Mr.  Mpundu said Government was committed to supporting entrepreneurship through the established programmes and projects.

He called on  ZIM to continue complementing ggvernment’s efforts in the development of the nation.

Mr Mpundu encouraged ZIM and the private sector to be cognizant of the need to promote sustainable projects as s members continued to practice the marketing profession.

And the Zambia Institute of Marketing has launched a new logo after its members cried foul of the old logo .

The new logo was unveiled during a welcoming cocktail which was held on Wednesday night at Protea Hotel in Livingstone.