29/10/2026
𝙋𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙩 𝙃𝙞𝙘𝙝𝙞𝙡𝙚𝙢𝙖 𝘿𝙞𝙧𝙚𝙘𝙩𝙨 𝙉𝙚𝙬 𝙎𝙈𝙀 𝙈𝙞𝙣𝙞𝙨𝙩𝙚𝙧 𝙩𝙤 𝙋𝙧𝙞𝙤𝙧𝙞𝙩𝙞𝙯𝙚 𝙁𝙤𝙧𝙢𝙖𝙡𝙞𝙨𝙖𝙩𝙞𝙤𝙣, 𝘼𝙘𝙘𝙚𝙨𝙨 𝙩𝙤 𝙁𝙞𝙣𝙖𝙣𝙘𝙚, 𝙖𝙣𝙙 𝙈𝙖𝙧𝙠𝙚𝙩 𝙇𝙞𝙣𝙠𝙖𝙜𝙚𝙨
President Hakainde Hichilema has directed the newly sworn-in Minister of Small and Medium Enterprise Development, Hon. Lucky Sichone, to prioritize the formalisation of businesses, the easing of access to financing for Micro, Small and Medium Enterprises (MSMEs), and the creation of stronger linkages to domestic and international markets.
The President issued the directive during a swearing-in ceremony held at State House, where Hon. Sichone took the Oath of Office alongside 33 other newly appointed ministers.
In his remarks, President Hichilema emphasized that SMEs are the backbone of Zambia's economy and a critical driver of job creation and wealth generation. He stated that the government's agenda of economic transformation hinges on empowering small businesses to grow from informal operations into formal, bankable enterprises capable of competing in larger markets.
The President further urged the new Minister to collaborate with relevant ministries, including Finance and National Planning, as well as institutions such as the Zambia Development Agency and the Citizens Economic Empowerment Commission, to create a conducive environment for small businesses. He specifically tasked the Minister with developing strategies to connect SMEs to anchor industries, public procurement opportunities, and regional export markets.
The swearing-in ceremony was attended by senior government officials, members of the press, and family members of the appointees.
The directive to the new SME Minister underscores the New Dawn government's continued focus on private sector-led economic growth, with particular attention to the role of small businesses in reducing poverty and creating employment opportunities, especially for the youth and women.
Hon. Sichone takes over the ministry at a time when the government is implementing various reforms aimed at improving the business environment and enhancing financial inclusion. The coming months are expected to see the rollout of new policy measures designed to accelerate the formalisation of SMEs, expand access to credit facilities, and facilitate market access through trade partnerships and value chain integration.
The President concluded by reiterating his government's commitment to creating a level playing field for all businesses and ensuring that the benefits of economic growth are shared equitably across the nation.
𝙄𝙨𝙨𝙪𝙚𝙙 𝙗𝙮:
Virginia Chilongo (Ms.)
Principal Public Relations Officer
Ministry of Small and Medium Enterprise Development
[email protected]