By ANDREW MUKOMA
ATLASMARA Bank has encouraged small medium and enterprise business holders in Livingstone to engage the facility and learn how to manage their working capital.
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The bank says following the Covid-19 pandemic, a lot of SMEs in Livingstone were affected leading to some of them failing to revive their businesses.
Head Business Banking and SME Corporate and Investment Banking Robinson Daka disclosed that the bank has embarked on capacity building to help SMEs on how to manage their working capital.
Speaking in Livingstone during the SMEs business club workshop yesterday, Mr Daka said the bank has established a business club which is a platform that gives an opportunity to small holder businesses to voice their issues.
He said what hinders a lot of SMEs was lack of knowledge on how to manage their working capital.
“As a bank, we realise that Livingstone was badly hit during the Covid-19 pandemic. We noticed the need to teach SMEs on how to manage their businesses. It is also part of our corporate social responsibility,” he said.
He said that so far, SMEs contributes about 70 per cent of the country’s Gross Domestic Products (GDP).
Mr Daka said once SMEs were empowered, then it will create employment.
Mr Daka disclosed that the bank also manages the Constituency Development Fund.
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