Cperbelt Minister Stanford Msichili has challenged Micro-Small and Medium Entrepreneurs to comply with the country’s Labour Laws for them to attract more and better skilled workers who will enhance productivity in their businesses.
Mr Msichili has also urged the M-SMEs to improve on their debt management so that financial institutions will not be reluctant to lend them money.
Speaking in Kitwe on Thursday during a training workshop of M-SMEs dealing in construction, product and service supplying, under the International Labour Organisation (ILO) funded project dubbed the ‘Low Growth Nexus II project’ , Mr Msichili noted that financial institutions were reluctant to give loans to SMEs due to their bad debt maintenance.
The Copperbelt Minister further stated that government realized that the SMES had the greatest potential in achieving the necessary job creation needed in the country.
He said government will together with its partners try its best in providing an enabling environment for the growth of the SMEs into bigger businesses that will significantly contribute to the economic growth of the country.
He further implored the SMEs to improve on the quality of their services and products for them to compete favourably on the global market.
And Law Growth Nexus II Project National Coordinator Namucana Musiwa said over 500 jobs are expected to be created at the end of the project in June this year as the M-SMEs being trained are expected to employ others.