Government has challenged small and medium enterprises (SMEs) in the country to identify practical measures that can improve the business environment, expand access to affordable finance and strengthen digital adoption.
Deputy Secretary to Cabinet for Finance and Economic Development, Siazongo Siakalenge says there is a need for practical solutions that would improve standards and certification, connect SMEs to buyers and attract investment.
Mr Siakalenge was speaking in Lusaka today when he officiated at the two-day 2026 Enterprise and Investment Indaba held at the Mulungushi International Conference Centre.
He said this in a speech ready on his behalf by Cabinet Office Permanent Secretary for Special Duties, Kennedy Kalunga.
He said the success of the gathering would be measured not only by the quality of discussions but also by the partnerships established, resources mobilised and results achieved after the event.
He said Zambia’s economic future would depend on the productivity of its people, the competitiveness of enterprises and the quality of partnerships established.
And speaking earlier, Ministry of Small and Medium Enterprise Permanent Secretary, Pamela Chitulangoma disclosed that tthe Ministry is prioritising the development of legislation for micro, small and medium enterprises to provide a coordinated, enabling and predictable framework for enterprise development.
Ms Chitulangoma said the framework would support efforts to improve access to finance and markets, promote digital innovation and enhance business competitiveness.
She said the Government remained committed to an approach in which it acts as an enabler while the private sector drives economic growth.
She noted that there is a need to broaden access to finance beyond traditional commercial banking to include private lenders, microfinance institutions and specialised financial institutions capable of providing tailored solutions to SMEs.
Ms Chitulangoma said such financing options could include working capital, purchase order financing, invoice discounting and equipment financing to help small businesses participate effectively in supply chains.
The PS further called on participants to ensure that women, young people, persons with disabilities and rural communities were given opportunities to participate meaningfully in the economy.
Meanwhile, Zambia Chamber of Commerce and Industry ZACCI Trustee Paul Chisunka highlighted challenges faced by SMEs and called for deliberate interventions, stronger partnerships and practical solutions to help businesses become sustainable and competitive.
Mr Chisunka said the two-day Indaba would provide an opportunity for participants to exchange ideas, showcase enterprises, explore new technologies, identify investment opportunities and establish partnerships that could support business growth.
The Indaba, held under the theme “Empowering Zambian SMEs for Growth: Leveraging Digital Innovation, Finance and Market Access for Competitiveness,” has attracted business experts and stakeholders across the business value chain.
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