9.5 C
Alba Iulia
Monday, March 30, 2020

Embrace ICT and grow – Vodafone Zambia urges SME’s at 8th annual ease of doing business initiative conference

Headlines Embrace ICT and grow – Vodafone Zambia urges SME’s at 8th annual...

Vodafone Zambia CEO, Lars Stork (2nd from right), sits on a panel on ‘Enhancing SME Development’ with representatives from the Zambia Development Agency (ZDA) and the Private Enterprise Programme Zambia (PEPZ).

Vodafone Zambia has implored small and medium sized enterprises (SMEs) to embrace new information technology to boost their businesses and fortify their significant contribution to the economic growth and development of the nation.

Speaking at the 8th Ease of Doing Business Initiative (EDBI) conference in Livingstone, Vodafone Zambia CEO, Lars Stork said: “The SME sector has an important role to play in economic development, poverty reduction & employment creation in developing economies. The sector largely exceeds the average economic growth of national economies in many countries and contributes significantly to employment creation.

“Research shows Information & Communication Technologies (ICTs) have enormous capacity to aid the growth and expansion of SMEs and subsequently amplify their impact on economic growth,” he concluded.

Mr Stork said this during a panel discussion on “Enhancing SME Development” moderated by World Bank Senior Private Sector Specialist, Peter Nuamah. Other panellists included Patrick D. Chisanga, Director General at the Zambia Development Agency; Leonard Mwanza, CEO of the Banking Association of Zambia; and Donia Benmiloud, Team Leader at the Private Enterprise Programme, Zambia (PEPZ).

Mr Stork noted that while ICTs are not a panacea to the challenges SMEs face, it is crucial to recognise that technology is moving at a rate faster than most could imagine and micro-enterprises must leverage this to help catapult them into new markets with new growth opportunities.

“The number of Zambian enterprises who are digitally engaging their customers be it through social media, online advertising or email marketing are the ones being successful. At Vodafone Zambia, we believe that with a robust policy environment and adequate ICT private sector support, small businesses can elevate to what we call ‘The Next Generation SME’.”

The Ease of Doing Business Initiative (EDBI) is a peer-to-peer learning event requested by African countries and supported by the World Bank Group, to facilitate knowledge sharing on doing business reforms.

Vodafone Zambia committed over K200,000 towards the peer-to-peer knowledge sharing experience which was held under the theme ‘Business Reforms for Industrialisation, Value Addition and Job Creation’.

Vodafone Zambia CEO, Lars Stork, highlights significant role ICT plays in Enhancing SME Development.

[Read 122 times, 1 reads today]

1 COMMENT

  1. This is a role for us Digital Consultants to pick up on. Certainly, our advice on proper IT strategies will come in handy for SME’s.

Comments are closed.

- Advertisement -
Loading...

Latest News

HH wants Correctional facilities and Police Cells decongested in the wake of COVID-19

UPND Leader Hakainde Hichilema has written to the Ministry of Home Affairs, the Chief Justice, the Director of Public...

Effects of COVID-19 Disease on the Zambian Mining Industry

By Webby Banda CTPD-Senior Researcher (Extractives) The Centre for Trade Policy and Development (CTPD) has observed that Mineral commodity prices have plummeted in recent days...

The People of Serenje have rejected Bill 10 – MMD Official Tells Off Nakachinda

Opposition New Hope Movement for Multiparty Democracy (MMD) in Serenje district have said that the people in the district have rejected the Bill 10. The...

Only adds one more case to its COVID-19 numbers, only one patient is severely ill

Health Minister Dr. Chitalu Chilufya has announced that Zambia has only recorded one COVID-19 case in the last 24:hrs bringing the total number of...

Kalusha Bwalya’s Lawyers say that his appeal is still being considered

Football Icon Kalusha Bwalya’s Lawyers say the appeal to FIFA’s Court of Arbitration for Sports (CAS) has NOT yet been heard and determined. Bwalya’s Lawyers...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]