An Assessment of Managing Growth of Small and Medium sized Businesses in Zambia in Order to Stimulate Job and Wealth Creation among Citizens.

Abstract

The Zambian government through its Ministry of Finance and National Development has pronounced its long-term development objectives in the National Vision 2030. This desired outcome of this vision is to make Zambia a prosperous middle-income country by the year 2030. This document titled Vision 2030 recognises several development goals, amongst them are;

a)     attaining middle-income status,

b)     significant poverty alleviation and reduction of hunger amongst its citizens; and

c)     encouraging the country to be highly competitive and externally -oriented economy.

These goals, together call for the establishment of policies which should speed up and ensure the sustenance of the growth of the economic, and which allows the vulnerable to take part in, and benefit from, the process of country’s economic growth.  The Zambian Government has further come up with the Sevenths National Development Plan (7NDP) which is meant to guide the government on its journey a more holistic sector development through policies that will give an impetus to the economic growth and poverty reduction.

Key Word: Managing growth; small and medium, Job and wealth creation

DOI: 10.7176/PPAR/13-5-07

Publication date:August 31^st 2023