ZACCI launches toolkit for SMEs

A BUSINESS toolkit to assist small entrepreneurs design business plans to enable them access capital from financial institutions will today be launched by the Zambia Chamber of Commerce and Industry (ZACCI).

ZACCI president Geoffrey Sakulanda said in an interview that the toolkit would enable upcoming small entrepreneurs easily access capital as a result of having a good and promising business plan.

“We are launching the ZACCI business toolkit; this is a documentation and training manual which helps small scale business people to learn how to run their businesses, account and ensure to make ideal investment decisions,” he said.

Mr Sakulanda said the business toolkit provided financial literacy for upcoming entrepreneurs and consisted of how to register a trade, how to do accounting and how to register for tax.

“The business toolkit will also consist of how to do a business plan; most people fail to have discussions with banks because they go there without a good business plan which does not convince the financial institutions.

“We will teach them how to do a book of accounts to make sure that they keep their business transactions well by auditing, how to save money and reinvest in the business in order to grow the business and employ more people,” he said.

Mr Sakulanda explained that ZACCI will task all chambers across Zambia to discuss on how small business entrepreneurs would access the toolkit countrywide.

“Right now, we are doing a national conference of all the chambers in the country; it’s a two-day conference from Chipata to Solwezi, Livingstone and Nakonde. In the rural areas businesses will be trained by the chambers,” he said.