MELODY MUPETA
Kitwe
FIRST Quantum Minerals (FQM) has invested K17.6 million in its business accelerator programme, which has seen one of the 17 beneficiaries sealing a deal with a multinational chain store to supply fresh fruits and vegetables.
The initiative is supporting small and medium-sized enterprises (SMEs) to grow and diversify beyond dependence on the mining sector.
This is according to a press statement issued by the mining company’s public relations agency.
FQM corporate affairs manager Kyasenga Chitoshi said Skydates, a company that has signed a deal to supply fresh fruits and vegetables to Pick n Pay, is among the businesses benefiting from the programme.
She said Skydates coordinates the delivery of fresh produce from more than 500 smallholder farmers and supplies the retail chain for 15 months.
Ms Chitoshi said the deal demonstrates how the initiative is supporting SME growth in Zambia.
She said the programme focuses on financial literacy training, capital equipment and market linkages for businesses operating in various sectors.
The targeted sectors include agribusiness, textiles and garments, leather products, chemical blending and construction.
“The mine launched its accelerator programme last year, which has translated into an investment of K17.6 million,” she said.
And Social Enterprise Zambia (SEZ) Network has commended FQM for investing in initiatives aimed at strengthening market access for locally produced fruits and supporting small-scale farmers.
SEZ Network executive director Metrinah Mumba said the investment shows how corporate social responsibility (CSR) can be strategically used to strengthen local businesses, create employment and contribute to economic development.
Ms Mumba said the initiative is in line with the Grow Zambia Agenda announced by President Hakainde Hichilema, which calls for interventions that generate sustainable incomes, create jobs and build productive capacity among local communities and businesses.
Ms Mumba said the network is ready to work with Government and the private sector to unlock the potential of agriculture and transform it into a stronger driver of inclusive economic development.
She said local farmers and enterprises need capacity building, mentorship, access to finance and investment in mechanisation to increase productivity, improve quality and consistently meet the requirements of large markets.
