Speaking at a media breakfast yesterday when she was handing over the cheque to ZDA, Barclays Bank Zambia Managing Director Mizinga Melu said the partnership aims at assisting youths secure employment or start their own businesses.
Ms. Melu stated that the partnership is aligned to the business philosophy of the Bank’s Shared Growth, which is based on the concept of creating shared value thereby resulting in inclusive growth and prosperity.
“It emphasises the connections between societal and economic progress, showing that they are mutually dependent, and when unleashed can stimulate substantial
growth. Shared Growth seeks to address challenges such as youth unemployment and limited business opportunities,”
she said.
“Shared Growth requires collaboration and strong partnerships between companies, government and civil society organisations,” added Ms. Melu.
The Managing Director further noted that her institution wants to help youth with enterprise development and has partnered with the Zambia Development Agency to tap into the Micro, Small and Medium Enterprises (MSMEs).
Ms. Melu reiterated that MSMEs are key in wealth creation and the economic growth of the economy.
And speaking after receiving the cheque ZDA Director General Patrick Chisanga praised the bank for demonstrating great generosity in supporting the work of
the Agency and government policy.
Mr. Chisanga assured the Bank that the funds will go a long way in complimenting the work of the Agency in capacity
building of MSMEs.
“The ZDA will also support young entrepreneurs in entrepreneurship development to perfect business
management skills, technical skills development to impeccable designing and quality production as well as
mentorship of the young entrepreneurs,” explained Mr.
Chisanga.
He added that the ZDA is resolute that youths will effectively
transition into employment or harness business
opportunities to create jobs for others.
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