By BUUMBA CHIMBULUGOVERNMENT should immediately address concerns raised by commercial banks that have shunned the K10 billion stimulus package meant to offer financial relief to businesses amidst the Covid-19 pandemic, Zambia Chamber of Commerce and Industry (ZACCI) has said .ZACCI president, Chabuka Kawesha said yesterday, businesses were in distress and needed help now and government should not delay in resolving the issues raised by the banks to ensure needy sectors access the stimulus package.“The industry is stressed and cannot wait to access the available stimulus funds,” he said.Dr Kawesha stressed the need for the Ministry of Finance and the Bank of Zambia to quickly address the concerns from commercial banks, if at all there was rejection from these institutions.He was reacting to information obtained by the Daily Nation indicating that commercial banks have rejected the K10bn stimulus package as it comes with many conditions which will lead to Government micro-managing the institutions.“We would urge the […]
K10bn: SMEs in crisis
