Chingola chamber of commerce expresses concern over politicization of CDF projects


Chingola Chamber of Commerce and Industry president, Freddie Musonda, says the government should work on measures to depoliticise the Constituency Development Fund(CDF).

Despite the government emphasising on inclusiveness, Musonda said in an interview on Saturday that the public still viewed CDF as funds for political appeasement.

“The increase in CDF is expected to be a source of capital and business opportunities for the Small and Medium Enterprises (SMEs) in the country, but the fund continued to be viewed as a fund for political appeasement,” he said.

Musonda also said more interventions to grow the SME sector should be made to boost the sector’s contributions to the economy.

Read more : Chingola Chamber fears Kwacha depreciation will cancel benefits from low fuel pump price

The Chingola business executive stated that the government should prioritise facilitation of business incubation to ensure a resilient SME sector.

“SMEs need proper business incubation and not a one off,I have observed that business workshops being undertaken in the country are not all encompassing,” Musonda said.

He said a well nurtured SME sector had the capacity to turn around the country’s economic fortunes.

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