Regulatory Alerts2025-01-01
Circular No. 19/2025 – Small Business Growth Initiative Expression of Interest
The Bank of Zambia, alongside the National Advisory Board for Impact Investment, has launched an open call for financial service providers to express interest in the Small Business Growth Initiative, a pilot credit guarantee scheme designed to unlock affordable lending for micro, small, and medium enterprises. The circular requires participating institutions to submit detailed feedback on MSME lending portfolios, guarantee coverage structures, high-priority impact criteria, reporting capabilities, and technical assistance needs by September 9, 2025. This solicitation will validate the scheme's core terms and identify eligible providers for a pilot rollout targeted for the first quarter of 2026.
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