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Standard Chartered Bank Zambia has reaffirmed its support for the growth and advancement of Small and Medium-sized Enterprises SMEs, by sponsoring K200,000 for SME capacity building training in Solwezi.

The collaborative effort, in partnership with Shoprite, underscores the bank’s dedication to fostering sustainable development opportunities and impactful initiatives within the SME ecosystem.

Speaking during the launch of the capacity training programme in Solwezi, Standard Chartered Bank Head of Corporate and Investment Banking, Emmy Kumwenda, underscored the pivotal role played by SMEs in the economic growth of Zambia’s economy.

Ms. Kumwenda stated that Standard Chartered’s investment of K200,000 into the hosting of the SME Capacity Building Workshop, reflects the bank’s commitment to seeing Zambian SMEs equipped with the right knowledge to enable them grow and expand.

“It is expected that SMEs utilize and put the knowledge they will gain to good use,” Ms. Kumwenda said in a statement issued to RCV News in Lusaka today.

Ms. Kumwenda also announced that Standard Chartered was providing banking services to multinationals who are able to pass on the benefits to the small-scale suppliers by providing extended credit terms.


By Angel Kasabo