By BUUMBA CHIMBULUThe Economic Association of Zambia (EAZ) has called for removal of any red tape or bureaucracy in accessing the US$20 million Loan Guarantee Scheme for Small and Medium Enterprises (SMEs) once it is made available.EAZ has also requested cooperating partners to quickly make available the US$20m Loan Guarantee Scheme for SMEs through the financial sector to support SMEs enterprise initiatives as announced in the 2023 national budget.EAZ president Isaac Ngoma hopes that the funds would be made easily accessible without any red tape.“The country needs some venture capitalists to provide to start-up companies and small businesses that have potential to grow and produce more for local and foreign markets.“We know that this economy needs new and significant inflow of funds in the form of private equity and private debt financing for long-term growth prospects of the private sector which will increase domestic revenue potential,” Mr Ngoma said at the at the 2023 first […]
EAZ calls for removal of bureaucracy in accessing US$20m SME loan scheme
