Q FM Africa's Modern Radio
The United States Government has announced the launch of the U.S. agency for International Development (USAID) business enabling project, a five-year, $14 million initiative, subject to appropriations, designed to spur economic development in Zambia.
The project is specifically focused on the development of rural communities.
According to a statement availed to QTV news, the project will generate incentives for private-sector investments in agriculture, eco-tourism, energy, sustainable natural resource management, and trade across Zambia, and expand women’s economic participation.
The statement adds that by targeting legislation, procedures, and regulations that hinder women’s access to finance and their ability to own and expand businesses, the project seeks to unleash the power of Zambia’s greatest untapped resource women entrepreneurs.
It says built on a collaborative approach, the USAID business enabling project will strengthen communication across the Zambian government, private sector, and civil society.
The project will also promote greater engagement from the public on key challenges to businesses.
The new project will lay the groundwork for fully opening Zambia up for business, and create opportunities for women and others who have often been excluded from economic opportunities in Zambia, thereby benefiting all Zambians.