Govt to promote entrepreneurship – Sichinga

Robert K Sichinga is the Minister of Commerce, Trade & Industry of Zambia
Robert K Sichinga is the Minister of Commerce, Trade & Industry of Zambia

Commerce, Trade and Industry Minister Robert Sichinga, has reaffirmed government’s determination to protect citizens from being job seekers to becoming job creators through entrepreneurship.

Mr. Sichinga says government is aware of the dynamism of the current environment, but that it is determined to assist entrepreneurs with a business and policy environment that enables them to have access to affordable finances.

He says this includes rendering support to financial institutions that are willing to operate outside the traditional lending confines to local entrepreneurs.

Mr. Sichinga was speaking this morning in Lusaka in a speech read for him by acting Commerce, Trade and Industry Permanent Secretary Cathy Mkala during the official launch of the 2014 Global Entrepreneurship Week (GEW) that runs from today 1st to 6th December under the theme: ‘Unleashing Ideas with the aim of promoting the culture of entrepreneurship among citizens.

And Mr. Sichinga has also observed that for a country such as Zambia to excel, innovation is a critical component to the growth of entrepreneurship as it promotes productivity of new goods for both local and export markets.

He says to support entrepreneurship the government of the republic of Zambia is to this effect working towards putting in place legislation that supports the use of movable assets as collateral.

Speaking earlier, renowned businessman Andrew Sardanis encouraged the Patriotic Front (PF) government to review the extraordinary privileges its predecessors granted to Foreign Investors in the mid 1990s.

In a speech read for him by Chaminuka Lodge General Manager Evaristo Mudenda, Mr. Sardanis has advised the PF government to create a new set of incentives that will apply equally to local as well as foreign investment in order to encourage local business to innovate and expand in new directions.

Report by Lazarous Sichula