First Quantum Minerals’ Trident Limited, in collaboration with the Zambia Development Agency (ZDA), recently organized a business clinic in Kalumbila under the theme “Sustainable Business Partnerships for MSME Growth,” marking a significant step towards fostering economic diversification and empowering local entrepreneurs.
The primary goal of the initiative is to create opportunities for Micro, Small, and Medium Enterprises (MSMEs), supporting the government’s commitment to MSME business development through strong partnerships with the private sector.
The Kalumbila Business Clinic brought together industry experts from various sectors, including the Patents & Companies Registration Agency (PACRA), Zambia Revenue Authority (ZRA), Zambia Bureau of Standards (ZABS), Workers Compensation Fund Control Board (WCFCB), National Health Insurance Scheme (NHIMA), financial institutions, Prudential Life Assurance, and the Agriculture Leasing Company (AGLEASECO).
The event served as a platform for local entrepreneurs to engage with professionals, gaining practical insights into establishing and growing successful businesses.
The Minister of Small and Medium Enterprise Development, Hon. Elias Mubanga, launched the clinic, emphasizing the crucial role of SMEs in economic development, citing their significant contribution to GDP and employment.
Hon. Elias Mubanga highlighted the government’s support for MSMEs, including empowerment funds, financing schemes, and skills development programs.
He expressed excitement about the collaboration between the Zambia Development Agency and FQM Trident Limited, stating that the Business Clinic would contribute to the growth of small businesses in Kalumbila.
FQM Trident Limited, through the Trident Foundation Limited (TFL), is actively supporting local businesses with technical and financial knowledge, as well as providing a ready market wherever possible.
Frederic Wouters, Assistant General Manager of FQM Trident Limited, emphasized the clinic’s importance in fostering local content in the mining sector and promoting economic diversification.
Samson Lovemore Simwanda, ZDA Assistant Director – Business Development, highlighted the significance of partnerships in driving economic transformation.
He expressed delight at the collaborative efforts between ZDA and FQM, aiming to unlock new opportunities for the Kalumbila district business community.
The event received gratitude from attendees, including entrepreneurs like Makina Womba, Jameson Kandinka Kalamba, and Mirriam Samundengo, who shared their success stories.
These entrepreneurs expressed their appreciation for the support received in business registration, skills development, and financing opportunities.
The Business Clinic in Kalumbila showcases the positive outcomes of collaboration between government institutions and private sector organizations, contributing to SME growth, community development, improved livelihoods, and overall economic progress in Zambia.
These joint efforts not only stimulate economic diversification but also create a resilient and prosperous business environment in rural areas.