Design products for SMEs, BoZ urges financial institutions
Published On August 28, 2023 » 818 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI –
THE Bank of Zambia (BoZ) has urged financial institutions in the country to design financial products and reinforce the participation of Small and Medium Enterprises (SMEs) in the economy.
BoZ director-non bank supervision Freda Tamba says SMEs are the biggest contributor to the country’s Gross Domestic Product (GDP), accounting for about 70 per cent but that the sector continues struggling with access to capital

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