More than 50,000 Small and Medium Enterprises (SMEs) are on the client portfolio for the Citizens Economic Empowerment Commission (CEEC), all investing in different sectors of the economy.
The commission has therefore signed an agreement with ZCAS University to assist in generating local data and research which will be useful for the development of SMEs and decision makers.
It will also to enable the former create innovative solutions and programmes that will help citizens succeed through joint development of business-related short courses for small and medium enterprises (SMEs).
CEEC Director General, Muwe Mungule, said on Tuesday at the signing ceremony in Lusaka that the commission’s client portfolio now stood at over 50,000 SMEs and that their economic activities needed to be monitored, provided with training and capacity building among others.
“We believe partnerships with universities is a key thing for the commission. This will result in academia being tied to the industry. What government is doing to develop an entrepreneurial cadre through the commission,” he said.
Read more: Initiative to drive informal economy, promote SMEs through digitization launched
Mungule said CEEC had all along been desiring to get into meaningful partnerships especially with academic institutions.
“This is because our country needs to have locally generated data of research which will be more useful,” he said.
ZCAS University Acting Vice Chancellor, Kelvin Kayombo, said the MoU signified a vital step forward in its collective efforts to empower citizens and promote economic growth in the country.
Kayombo said by combining the academic expertise of the university with practical knowledge and experience of CEEC, they would be able to collaborate to conduct business related research that was aligned to the activities of the two institutions.
“As we all know, education is the key to unlocking opportunities and achieving success. With this partnership, we will be able to provide our citizens with the skills, knowledge and resources they need to thrive in their chosen fields.
“By working together, we can ensure that our citizens have access to high quality educational programmes in entrepreneurship and innovation that are tailored to their needs and goals,” he said.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.