Thursday, June 18, 2009

Ngoma urges incetinves for local entrepreneurs

Ngoma urges incentives for local entrepreneurs
Written by Kabanda Chulu

GOVERNMENT should create deliberate policies to enhance the growth and survival of local entrepreneurs in the face of the global financial and economic challenges, Strong Technologies Zambia chief executive Lloyd Ngoma has said.

Announcing two additional channels to the My TV satellite television bouquet, Ngoma yesterday said indigenous businesses were capable of making huge contributions to the country’s economic growth and development.

“Local entrepreneurs are not asking for incentives but just a conducive environment to allow them an opportunity to do business and move forward and consequently survive the current challenges. And while big corporations are folding and others going into liquidation, we have remained steadfast and somehow manage to weather the global recession,” Ngoma said.

“We believe in no shortcuts in business because all businesses built on elusion such as ‘get rich quick’ ultimately crash but our company is built on strong principals, focused team and working within our means. And in the midst of the recession, we have managed to buy two channels, that is Fox Entertainment and Silverbird, which are both globally acclaimed.”

My TV is a wholly Zambian-owned satellite channel operated by Strong Technologies and has been in operation since 2006, with a current subscriber base of over 8,000.

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posted by MrK @ 10:03 PM 0 Comments

Tuesday, July 15, 2008

Strong Technologies calls for partnerships

Strong Technologies calls for partnerships
By Kabanda Chulu
Tuesday July 15, 2008 [04:00]

STRONG Technologies chief executive officer Lloyd Ngoma yesterday urged fellow entrepreneurs to enter into partnerships that will help to reduce the cost of doing business. During the signing of a business agreement between Strong Technologies and Everise Electronics Limited, Ngoma said the current business environment in the country had necessitated the need for companies to complement each other.

"Basically this partnership is a result of growth and expansion in our operations but since we cannot be everywhere at once, hence this partnership with Everise so that they can be able to sell Strong products on our behalf at their various outlets around the country," Ngoma said.

"Instead of being at each others throats, as local entrepreneurs, we need to complement each other thereby reducing the cost of doing business since there will be sharing of resources."

And Everise director Richard Kutoha, said the partnership was an answer to governments' call for local economic empowerment.

"This development will result in creation of employment opportunities and also there will be an increase in taxes for the government," said Kutoha.

Strong Technologies is the first Zambian owned company to venture into satellite television through its My TV brand and it has 16 branches across the country while Everise Electronics is also a locally owned company with a physical presence in major towns.

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posted by MrK @ 4:05 AM 0 Comments