9.5 C
Alba Iulia
Friday, August 14, 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.


  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 -
- Advertisement -

Latest News

Chamanga Questions Newcomers Zeal For The Big Stage

Former Zambia striker James Chamanga has charged that the current crop of players lack the ambition to play for...

East DC Condemned for Stopping a Recorded UPND Paid Program on PASME FM Radio in Petauke

Media bodies in Zambia have condemned Petauke District Commissioner Velenasi Moyo for illegally ordering the closure of privately owned PASME radio station. Mr. Moyo in...

Zambia Medical Association to launch own investigation into UTH incident of man ranting at Doctors

The Zambia Medical Association has launched its own investigation into a video circulating online purportedly showing a patient disparaging Medical Officers at the University...

Stop Attacks on Archbishop Telesphore Mpundu, Bill 10 Advocates told

The Civil Society Constitution Agenda (CiSCA) has cautioned the youth calling themselves Bill 10 Advocates to stop harassing Archbishop Telesphore Mpundu or any other...

Finance Minister calls for Routine Maintenance of Roads

Finance Minister Bwalya Ng’andu has called on the Road Development Agency -RDA and National Road Fund Agency -NRFA- to adopt a culture of carrying...

More Articles In This Category