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ZCSMBA urges mindset change on SMEs

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ZCSMBA urges mindset change on SMEs
By Kabanda Chulu in Kitwe
Wed 15 Dec. 2010, 04:00 CAT

THERE is need to change the mindset of people running Small Medium Enterprises (SMEs) for them to contribute to wealth creation. This is according to Zambia Chamber of Small Medium Business Associations (ZCSMBA) Copperbelt association representative Michael Sinkamba.

During a workshop on access to markets and finance training of entrepreneurs hosted by the Kitwe District Business Association, an affiliate of ZCSMBA and the Zambia Development Agency (ZDA), Sinkamba said SMEs’ quest for expansion was constrained by finances.

“Many financial institutions including banks claim that SMEs do not send adequate documents whenever they apply for credit ands to address this challenge we have partnered with ZDA and other institutions so that we explain how things should be done because skills training is important in every sphere of development,” said Sinkamba on Monday.

“This workshop will unlock the SMEs by changing their mindset so that they grow their businesses to result in wealth creation as well as contributing towards attaining economic development and the vision 2030 of becoming a middle income country.”

The training workshop which ends on Friday has drawn various entrepreneurs in the region and participants are expected to acquire knowledge on book keeping, preparing a business plan, sourcing business from corporate entities and taxation registration requirements.

Labels: PETER SINKAMBA, SMEs, WORKSHOPS, ZCSMBA

posted by MrK @ 3:14 PM