We don’t need Ministry of Small & Medium EnterprisesDear editor,AS Patriots for Economic Progress (PeP) we strongly believe that the creation ofthe new Ministry for Small & Medium Enterprises is an unnecessary duplication to the mandate of the Ministry ofCommerce, Trade and Industry .The Small Enterprises Development Act of 1996 defines an SME as an enterprise withan annual turnover of not more than K80 million.This means that when you look at the nature of business entities operating in Zambia, more than 90 percent of them can be classified as SMEs.On the other hand, the mandate of advancing the interests of Zambian businesses falls under the Ministry of Commerce , Trade and Industry. Thismeans that with the creation of the new Ministry of Small & Medium Enterprises, therewill be a 90 percent overlap between the two ministries, as they will be servicing the sameentities in the economy.PeP’s view is that if President Hakainde Hichilema wanted to […]
We don’t need Ministry of Small & Medium Enterprises
