Government Increases CEEC Funding to US$15 Millionm Annually In 2025

Ministry of Small and Medium Enterprise Development says Government has increased funding to the Citizens Economic Empowerment Commission (CEEC) from US$50, 000 annually to US$15 million in 2025.

Speaking at a stakeholder engagement meeting in Lusaka today, Ministry’s Permanent Secretary Subeta Mutelo urged Small and Medium Enterprises (SMEs) and cooperatives to drive the country’s economy by utilizing the said funds.

Mrs. Mutelo stated that government desires to see micro businesses graduating to small, medium and large scale businesses starting next year.

She expressed disappointment with lack of growth of SMEs, noting that since the creation of the Ministry three years ago, no medium enterprise has been taken to commerce.

Ms. Mutelo noted government’s commitment to creating opportunities for SMEs in the country, as evidenced by the creation of the Ministry.

“The enhancement of the Constituency Development Fund (CDF) and Citizens Economic Empowerment Commission are other means of support that government is providing,” Ms. Mutelo noted.

She acknowledged that SMEs do not only contribute to job creation but also foster innovation and resilience in the communities.

“Micro, Small and Medium Enterprises (MSMES) and Cooperatives play a crucial role in developing the economy,” she noted.

Ms. Mutelo however observed that the SMEs sector faces numerous challenges such as access to finances, market opportunities and regulatory hurdles, but pledged government’s support in reducing these challenges.