PEPZ BACKS BUSINESS SERVICE PROVIDERS
PEPZ funds organisation that will provide MSMEs with wide-ranging professional services
LUSAKA, ZAMBIA, June 17, 2015 – The Private Enterprise Programme-Zambia (PEPZ) has signed a memorandum of understanding (MOU) with three organisations to provide professional services that will increase the competitiveness of micro, small and medium-sized enterprises (MSMEs).
The MOU was signed today (June 17, 2015) between PEPZ and Direct Plus Consultancy Services (Love Local) Ltd, SME Accounting, and Planstore Business Solutions.
Under the MOU, PEPZ will provide the organisations with grants to enable them to deliver bookkeeping and accounting services, marketing services, business plan development support and new mobile app to support businesses.
“PEPZ is keen to see the development and improvement of the capacity of MSMEs. The business development and advisory services the recipients of these grants will provide Zambian businesses will help PEPZ attain its goal of contributing to the creation of 40,600 full time jobs in Zambia.” said PEPZ business development services manager Clare Nkweto Simmonds.
The grant to Planstore Business Solutions is aimed at developing a customised mobile application (app) and website for MSME’s that seek business planning services. The app will enable MSMEs to calculate their profit and loss, as well as create accurate financial forecasts to help them plan their business.
MSMEs will be able to get subscription-based financial services from SME Accounting. The services include monthly tax compliance and credit reference applications delivered from a cloud-based platform.
Love Local will help the fashion industry become more organised and competitive by fostering inter-enterprise linkages as well as collaborative relations with local and international markets.
PEPZ’s aim is to support entrepreneurs so that they are able to compete competitively locally and internationally. Specifically, PEPZ aims to contribute to the creation of 40,600 full time jobs, 40 per cent for women; create K300 million in additional investments; help MSMEs drive the creation of jobs and wealth; and improve attitudes towards entrepreneurship