Categories: Business Editor's Picks

ZANAMACA advises Marketeers to take advantage of K21.9 million CEEC marketers’ loan scheme

• Loan scheme will go a long way in reducing income inequality and alleviate poverty in the country.
• Government must work with stakeholders to identify credible marketeers that will be able to pay back the loans after borrowing.
• Marketeers, traders and small scale farmers in the informal play a key role in the economy

Zambia National Marketeers Association (ZANAMACA) has advised Marketeers to take advantage of the K21.9 million Citizens Economic Empowerment Commission (CEEC)’s marketeers’ loan scheme to boost their businesses.
Speaking in an interview with Money FM News, Association President Mupila Kameya said this is worth commending that government under CEEC has recognized the informal sector through the provision of loans.
Mr. Kameya stated that the loan scheme will go a long way in reducing income inequality and alleviate poverty in the country.
He urged Government to work with stakeholders to identify credible marketeers that will be able to pay back the loans after borrowing.
“ZANAMACA wants to partner with the ministry and Citizens Economic Empowerment Commission on other programmes that respond to other plights of the informal economy, “he said.
Mr. Kameya reiterated the importance of marketeers, traders and small scale farmers in the informal economy whose demography is diverse.
“The 21.9 million initial seed capital support to the 3,800,000 marketeers across the country by CEEC will help the marketeers business recover and grow,” Mr Kameya added.
He thanked the Government for the timely initiative.
Last Friday, Citizens Economic Empowerment Commission (CEEC) unveiled seven empowerment products valued at K365 million out of which K21.9 Million is marketeers’ loan scheme.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stakeholders call for inclusion of children with Autism in education system

There is no effort to include children with Autism in the current Education system. Government…

Read More

Over 600,000 homes to benefit from Liquid Zambia’s enhanced internet access

Connectivity is the cornerstone of Zambia’s digital transformation journey. This remains vital in driving digital…

Read More

April food basket drops by K255.14-JCTR

This is compared to the March basic needs and nutrition basket which stood at K10,…

Read More