(ZANIS) Government is saddened that most businesses operating at the Kasama Industrial Yard have not started paying back loans they acquired from the Citizens Economic Empowerment Commission -CEEC-.
Ministry of Small and Medium Enterprises Permanent Secretary YVONNE MPUNDU says this is despite the owners actively running businesses and making profits.
She has since asked the Small and Medium Enterprises -SMEs- operating at the Kasama Industrial Yard to quickly start repaying the loans.
Speaking during her visit of the Kasama Industrial Yard which is managed by the CEEC, Ms. MPUNDU also emphasized the need to support SMEs by offering more training and mentorship for them to upscale their production.
And CEEC Director-General CHARLES MUNGULE emphasized the need for SMEs to produce quality products to penetrate foreign markets.
Dr. MUNGULE said government’s agenda is to raise the bar for SMEs in the country and see them compete at the international level.
Meanwhile, Sebro Incubators and Hatchers Director EMMANUEL CHISHA, a beneficiary of about 5-hundred thousand kwacha expressed gratitude to CEEC for coming up with the initiative of the industrial yard and for training them.
Mr. CHISHA said unlike in the past when he lacked proper shelter, clients can easily locate him adding that he is now able to run operations throughout the year.
And CEEC Board Commissioner PAUL KALUBA said the visits to the different industrial yards around the country have enabled the commission to appreciate the various challenges they face.