BUSINESS SERVICES

Increasing access to business services that support growth-oriented businesses

Companies struggle to become competitive in a market like Zambia for a variety of reasons. They face challenges that hinder them from being competitive, including difficulties accessing both rural and urban markets. Sometimes businesses join associations or chambers of commerce with the hope of increased business opportunities.

Through intervention partnerships, Prospero aims to address the following sector-wide constraints:

Capital

Access to investment and working capital finance severely inhibits the growth of SMEs in all sectors.

 

Capacity

Poor management, governance and entrepreneurship skills limit the ability of companies to adequately participate in the market.

Connections

SMEs have limited access to both rural and urban markets as well as service providers that offer cost-effective solutions for some of their business challenges.

Compliance

Companies struggle to comply with industry-specific regulations.

The Prospero Investment Services sector is comprised of four initiatives:

Business linkages

To increase local suppliers’ access to markets from corporate buyers, increase sales for local suppliers and increase employment opportunities.  These linkages will be facilitated through the Zamb2b platform – an online portal connecting buyers and suppliers.

Rural Economic Hubs

To strengthen the economic linkages between rural household entrepreneurs and private sector businesses, opening up access to profitable rural markets and increasing employment opportunities for rural communities.

Business Membership Organisations (BMO)

To improve the capacity and effectiveness of local BMO’s to identify and create business growth opportunities for the private sector.

Specialised Services

To facilitate specialised services as follows:

Information Technology: Information Technology is increasingly becoming important for businesses to remain competitive.

Transport and Logistics: Transport and logistics pose a significant bottleneck for business operations and have a negative impact on growth.

Research: Information that allows businesses to expand or innovate .

Our Response

Prospero is working to transform the Zambian entrepreneurial landscape into a collaborative environment in which the private sector can access markets and services that help them become competitive. We are exploring ways of providing business support through research, information technology and transport and logistics solutions.

Our Response

Prospero is working to transform the Zambian entrepreneurial landscape into a collaborative environment in which the private sector can access markets and services that help them become competitive. We are exploring ways of providing business support through research, information technology and transport and logistics solutions.

Partner With Us

To achieve the specific objectives of each initiative, Prospero seeks intervention partners that include, but are not limited to:

SME suppliers  • Business Development Service (BDS) providers  •  Business Membership Organisations  •  Financial service providers  •  Financial institutions  •  Solution providers  •  Telecommunication companies