Transcription of Micro Small and Medium Enterprise Development Policy
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Micro Small and Medium Enterprise Development Policy
REPUBLIC OF ZAMBIA MINISTRY OF COMMERCE, TRADE AND INDUSTRY The Micro , Small and Medium Enterprise Development Policy (FINAL) NOVEMBER 2008_____ Micro , Small and Medium Enterprise Development Policy 2 TABLE OF CONTENTS LIST OF ACRONYMS .. 3 FOREWORD .. 4 ACKNOWLEDGEMENTS .. 5 WORKING ..6 Historical Background of the MSMEs Sector in Zambia .. 6 Situation Analysis .. 11 Vision and Rationale .. 14 Rationale .. 14 Policy 14 Guiding Principles .. 14 Policy objectives .. 15 Definition of Micro Small and Medium Enterprises (MSMEs) .. 15 Policy Focus Areas and Strategies .. 18 Focus Areas .. 18 Policy Statements and Strategies .. 19 Implementation Framework .. 31 Main Actors, their roles and responsibilities.
limited capital investment, acting as a ‘seedbed’ for the development of entrepreneurial talent, playing and supplying the lower income groups with inexpensive consumer goods and services. MSME also act as a buffer in times of economic recession. Zambia recognised the need to diversify her economy and reduce over-dependency on mining exports.
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