The Zambia Industrial Commercial Bank (ZICB) has invested approximately K500,000 in Small and Medium Enterprises (SMEs) development in 2025, demonstrating its commitment to fostering entrepreneurship and business growth in the country. Between 2024 and 2025, the bank supported around 50 women-led SMEs, highlighting a focus on empowering female entrepreneurs.
Speaking in an interview on Monday, ZICB Head of SME Banking Juanita Chileshe explained that while the K500,000 covers direct SME development initiatives, the total value of the bank’s support is significantly higher. “ZICB has injected an estimated ZMW500,000 since January 2025 through direct SME development initiatives. This figure complements additional indirect investments, including co-financing arrangements under the EIB Global partnership, where ZICB is matching a €15 million facility to promote agribusiness growth,” Chileshe said.
Beyond financial support, ZICB has contributed in-kind investments such as training venues, mentorship resources, technical expertise, and facilitators. The bank has also sponsored SME-focused platforms, including conferences, business fairs, and networking events, creating opportunities for entrepreneurs to access markets, knowledge, and business networks.
Chileshe emphasized that these initiatives are designed to strengthen the capacity of SMEs, particularly women-led enterprises, enabling them to scale operations, improve competitiveness, and contribute to Zambia’s economic growth.
By combining financial injections, technical assistance, and capacity-building programs, ZICB is positioning SMEs as a central driver of innovation, job creation, and sustainable development. The bank’s approach underscores the importance of comprehensive support, not only through funding but also through mentorship and market access, ensuring that SMEs can thrive in an increasingly competitive business environment.
ZICB’s commitment signals a strategic focus on inclusive economic growth, demonstrating the potential impact of targeted investments in small and medium-sized businesses across Zambia.