ZACCI, ZAM, ZCSMBA and BongoHive sign MOU with PEP-Z
MOU reaffirms signatories’ objective of creating economic and social development
LUSAKA, Zambia, Thursday, January 29, 2015 – Senior representatives from the Zambia Chamber of Commerce and Industry (ZACCI), the Zambia Association of Manufacturers (ZAM), the Zambia Chamber for Small and Medium Business Associations (ZCSMBA), and BongoHive have put their weight behind a new business plan competition to promote entrepreneurship in Zambia.
The four organisations today, signed memorandums of understanding (MOUs) with the Private Enterprise Partnership-Zambia’s (PEP-Z) business plan competition component, Nyamuka Zambia.
Signatories included Mr. Bright Chunga – President of ZAM, Mrs. Patience Sakuringwa – Chief Executive Officer of ZCSMBA, Mrs. Prisca Chikwashi from ZACCI and Mr. Lukonga Lindunda – co-founder and Director of BongoHive, along with Mr. Bayo Akindeinde – Programme Manager at PEP-Z, Mr. Shalin Jethi – Manager of the Nyamuka Zambia business plan competition and Ms. Namaya-Morero Mbikusita-Lewanika also with Nyamuka Zambia.
“The Private Enterprise Programme and its Nyamuka Zambia Business Plan Competition is all about teamwork and partnerships, so the support of these key organisations is vital to helping get our message across to as many entrepreneurs as possible and enthusing them with a sense of what it means to be in business,” said Bayo Akindeinde.
The four organisations have pledged to support the Nyamuka Zambia business plan competition with a range of practical initiatives, including provision of office space for workshops in Lusaka, Ndola and Kitwe, promoting the competition and encouraging their members to apply.
Nyamuka Zambia is soon to be launched and it intends to enhance productivity and competitiveness in the private sector in Zambia by strengthening the capacity of micro, small and medium enterprises (MSMEs) to deliver inclusive growth. It also seeks to unleash talent, create entrepreneurial heroes, reward excellence as well as change attitudes towards entrepreneurship in Zambia.
The MOU reaffirms the co-operating partners’ objective of creating sustainable economic and social development as well as promoting economic cooperation through conducting educational training and promoting capacity building activities.
Through this partnership, the parties will share and disseminate relevant information about the Nyamuka Zambia business plan competition to their membership and networks. They will also collaborate on various events that are relevant and mutually beneficial to them.
Nyamuka Zambia Manager, Shalin Jethi, welcomed the opportunity to conclude these MOU’s and acknowledged their contribution to guaranteeing the success of Nyamuka Zambia.
“We sincerely appreciate you coming on board to help us bring our plans for Nyamuka Zambia to fruition. We trust your partnering with us will go a long way in establishing Nyamuka as a dynamic long term platform for Zambia’s budding entrepreneurs,” said Jethi.
About Nyamuka Zambia
Nyamuka Zambia is a business plan competition that is transforming Zambia’s entrepreneurial landscape by inspiring ambitious businessmen and women to raise their game and take their ideas to the next level – creating employment and driving the economy forward in the process. It is also tasked with finding a new generation of business heroes and helping them put into place a game plan to grow their enterprises and tap into new markets that the Zambian economy needs.
Nyamuka Zambia is changing attitudes towards entrepreneurship in Zambia for the better and innovation, growth and diversity are its watchwords.
Nyamuka Zambia provides all competitors with invaluable support and expertise through business planning workshops, coaching and mentoring sessions and many opportunities to network and connect with the wider world of business – so everyone is a winner, with the best talents being substantially rewarded for their innovative business ideas and plans.
Nyamuka Zambia is part of the five-year Private Enterprise Programme – Zambia (PEP-Z), funded by the UK government’s Department for International Development (DFID) that aims to stimulate the private sector through robust interventions targeted at transformative Zambian entrepreneurs and enterprises.
Nyamuka Zambia Manager
PEP Zambia Programme
5 Katemo Road, Rhodes Park, Lusaka
Tel: +260 211 259 974 | Hotline: 5066
Email: [email protected]