The Zambia National Marketeers Credit Association (ZANAMACA) has commended the launch of the Growth Investment Partners (GIP) by President Hakainde Hichilema, describing it as a is a significant milestone for the over 600,000 Informal Economy Operators in Zambia, including marketeers, traders, small-scale farmers, bus and taxi drivers, as well as small and medium enterprises (SMEs).
Association President, Mupila Kameya, says the initiative marks a commitment to empowering individuals who play a crucial role in the nation’s economy but often face challenges in accessing financial resources and support.
“For these Informal economy operators, the GIP represents new opportunities for growth and sustainability and aims to provide vital financial support and resources that can help enhance their operations, increase productivity, and ultimately improve their livelihoods,” said Mr. Kameya in a statement issued to RCV News in Lusaka today.
Mr. Kameya highlighted that government’s collaboration with the Ministry of Small and Medium Enterprises, alongside potential Non-State Actors like ZANAMACA, is essential to the success of this initiative.
He says the collaboration will help bridge the gap between the government and the informal economy, ensuring that the needs and perspectives of operators are considered in the implementation process.
Mr. Kameya further said ZANAMACA, in collaboration with the Bank of Zambia (BOZ), and other partners will offer tailored financial literacy and capacity building programs to equip informal economy players with the knowledge and skills necessary to manage their finances effectively, access credit, and make informed business decisions.
By Margaret Mwanza
