New SME Minister Urged to Strengthen Capacity Building and Market Linkages

By Daily News Reporter 

Small and medium enterprises (SMEs) are the backbone of Zambia’s economy, making up 97 percent of all businesses and contributing nearly 70 percent of the country’s Gross Domestic Product.

 Recognizing this, Business Development and Marketing Expert, also Co-Founder and Director, CNC360 Consulting Mr James Chiwala has commended that the President For appointing a new Minister Mr Mufunelo Malama to lead the Ministry of Small and Medium Enterprises Development, ensuring that the sector continues to grow and thrive.

Mr Chiwala further highlighted that the ministry plays a vital role in supporting SMEs, particularly through programmes that provide capacity building, marketing linkages, product labelling, and other critical skills. 

“The contributions of SMEs to Zambia’s growth cannot be overemphasized,” he said.

 “They drive innovation, create employment, and help diversify the economy.” Mr Chiwala said.

He urged the new minister to continue the initiatives started by the former minister, which focus on empowering SMEs across six provinces and so far four Provinces remaining to be implemented in partnership with CNC 360. These programmes aim to enhance entrepreneurs’ abilities to access financial services from banks, connect with major retail outlets such as Shoprite, and improve the marketability of their products.

Zambia is rich in locally produced goods, ranging from agricultural products to manufactured items, and the expert noted that these products have the potential to compete nationally and regionally when supported through strong public-private partnerships. 

“By leveraging ecosystem support and strategic collaborations, Zambia can unlock the full potential of its SME sector,” he added.

SMEs are more than just small businesses; they are critical engines for employment creation and sustainable economic development. With the right leadership, policies, and financial backing, the sector can expand further, reaching more communities, stimulating innovation, and contributing to Zambia’s overall economic transformation.

As Zambia continues to focus on economic diversification, the role of SMEs in the national growth agenda remains central. Experts stress that with a proactive minister at the helm, coupled with continued capacity-building initiatives, Zambia’s SMEs are poised to thrive, creating a more inclusive and resilient economy for the country.