Business Economy

Private Sector urged to think outside the box

Zambia’s Ambassador to Brazil has urged the private sector to take advantage of the current Covid-19 pandemic by oiling the economy using out of -the box initiatives.
In a statement obtained by Money FM News, Dr. Alfrida Kansembe commended the pro-activeness shown by most private companies in supplementing Government’s effort on the International Community by putting in place measures to serve the performance of economies.
Dr. Kansembe said the private sector globally though equally not spared from effects of COVID 19, has continued to play a key role to deliver better outcomes to slow the spread of the disease, through equipping local communities with much needed tools needed to fight back against the virus.
She said “some of the key areas that stakeholders are championing include accelerating innovative and market-based approaches for local manufacturing capabilities of COVID-19 Supplies and Strengthening health-related supply chains as well as consolidating digital and data information systems.”
Dr. Kansembe observed that Zambia too has witnessed some positive gesture through contributions of various aids to support the fight against Covid -19, a move that should be appreciated.
“The task to fight the pandemic cannot be left to government alone but requires the participation of key stakeholders and cooperating partners.”
“Preventing and controlling infections in health facilities Supporting surveillance, rapid response, and emergency operations, are some of the areas adopted by the private sector to spearhead in the controlling of COVID-19,” she stated.
She further said from the numerous meetings held in South America, countries such as Brazil, Chile, Colombia, Uruguay, Peru and Argentina are all working tirelessly in partnership with their local stakeholders and banking institutions to support their economies, a step that Zambia can equally emulate.Dr. Kansembe however called on Zambian financial institutions with the capacity to lend financial aid to SME’S to boost their industries so that they remain operational and protect local jobs.
“Zambia which already has active policies in place that support private sector participation in the running of the economy stands a better chance of scoring positive results,” The Ambassador observed.

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