By BUUMBA CHIMBULU ABOUT K1 billion has been disbursed by Zanaco Plc to support the Small and Medium Entrepreneurs (SMEs) in the last two years.The bank was looking at growing the SME loan portfolio further so that the small businesses from across sectors can turn the wheels of the economy, Zanaco chief executive officer Kalengo Simukoko said.Addressing journalists in Lusaka recently, Mr Simukoko said Zanaco would continue to support the local SMEs as evidenced by the growing loan portfolio of almost K1billion.“Through our other SMEs and individuals to create jobs and wealth in the communities, we serve across empowerment scheme called Zanaco express agency, we have partnered with over 16,000 across the county,” he said.Mr Simukoko said the continued support to SMEs by all stakeholders cannot be overemphasized especially now when the market for goods and services was growing in the wake of the African Continental Free TradeArea (AfCFTA).Commenting on the ‘Kweza Pitch Competition’ winners, he […]
ZANACO DISBURSES K1BN TO SUPPORT SMEs
