By BUUMBA CHIMBULUCOMMERCIAL bank should ensure that funds from the K10 billion financing facility are channelled towards sectors that add value to the economy such as Small and Medium Entrepreneurs (SMEs).Government has provided the relief facility through the Bank of Zambia (BoZ) for commercial banks to administer to clients, who are in good standing.The money should go to real sectors of the economy to encourage production and in the end revive the economy, said Economics Association of Zambia (EAZ) president, Lubinda Haabazoka.Dr Haabazoka observed that there were limited restrictions in the economy as some sectors were operating.He said in an interview in Lusaka that it was therefore important for businesses to take advantage of the facility.“We expect the measures announced by the Government like the K10 billion fund that has been made available through the commercial banks to help cushion the impact of the SMEs and businesses,” Dr Haabazoka said.Dr Haabazoka expressed confidence that the […]
Channel K10bn facility to SMEs – EAZ
