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The African Development Bank Small and Medium Enterprises Support Project in Zambia
The African Development Bank (AfDB) Small and Medium Enterprises (SME) Project seeks to provide Technical Assistance (TA) and capacity building support to target beneficiaries in support of SME development in Zambia with a view to facilitating SMEs competitiveness and access to finance. In this regard, the project aims to strengthen financial and non-financial support to growth – oriented Zambian SMEs which will in turn enhance their role and contribution to wealth and job creation in Zambia.

The project objectives are to:
  • Strengthen the capacities of selected financial services providers to better assess and deliver financial products and services to targeted SME’s.
  • Strengthen the capacities of business associations and business development service providers (BDSPs) to better support and serve target SMEs in Zambia in order for them to better assess their own needs and make effective and bankable applications for appropriate financial support from partner and other commercial banks.
  • Strengthen the capacities of beneficiary SMEs to better manage their growth, increase their productivity and profitability and effectively engage financial support to facilitate their growth.
The TA facility is implemented by ATMS/AMSCO with a task to work with selected service providers to achieve the following objectives:
  • Providing technical assistance to two banks; ZANACO and Investrust.
  • Training at least thirty (30) loan officers from the aforementioned banks.
  • Building capacity of about fifteen (15) core business development service providers and five (5) sectorial associations.
  • Building capacity of about fifty-sixty (50 – 60) sectorial SMEs

A technical assistance grant of USD 980,824 to ATMS Foundation was approved to carry out the 2 year project.

In line with its objectives to strengthen private sector development in Africa, the AfDB provided the TA grant to the African Training and Management Services Foundation (ATMS Foundation) from the resources of the Fund for African Private Sector Assistance (FAPA – a trust fund led by the Government of Japan). The Grant complements AfDB’s line of credit support to ZANACO Bank and Investrust Bank in Zambia. It also complements a joint AfDB and the United States Agency for International Development “USAID” SME Support facility provided to ZANACO.

# Programme Objectives   Target   Actual Numbers achieved   Number of Females Trained   Number of Training Activities   Remarks  
                         
1 Training of SMEs   50-60 SMEs   36   11   2   24 SMEs still to be trained.  
2 Training of BDSPs   30   31   5   3   Target surpassed  
  (15 Financial Counselors & 15 Business Skills Counselors)   (16 Financial Counselors & 15 Business Skills Counselors)
3 Training of Associations   8-May   -   -   -   Training scheduled for August 2011  
4 FAMOS Training for Bank Officials   30   15   6   1   Second training scheduled for August 2011  
  (15 from each of the participating banks)   (10 from Zanaco Bank and 5 from Investrust Bank)
5 ITC Training for Bank Officials   Part of the 30 above   4   0   (part of No. 2 above)   More training will be done during and after the installation of the credit scoring tool.  
  (Representatives from Investrust & Zanaco attended the 2 workshops for the Financial Counselors
 
 
         
 
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