Author: Chisenga Lufungulo

The Minister of Finance Honorable Situmbeko Musokotwane MP yesterday presented to parliament a ZMW253.1 billion budget for the year 2026 which was 36% more than the ZMW217.1 billion budget of 2025. Under the theme, “Consolidating Economic and Social Gains Towards a Prosperous, Resilient and Equitable Zambia’’, the 2026 budget will be financed through 82 percent of… Continue reading Minster of Finance unveils 253.1 billion Budget

The Zambia Credit Guarantee Scheme (ZCGS) is delighted to announce its new partnership with Stanbic Zambia Bank solidified during an official signing ceremony  at Stanbic Bank headquarters. This collaboration is a significant step forward in promoting financial inclusion for Micro, Small and Medium Enterprises (MSMEs) across Zambia. Speaking at the ceremony, ZCGS CEO Ms. Mary… Continue reading ZCGS Signs Agreement with Stanbic Zambia Bank

On this special occasion of Farmer’s Day, we celebrate your dedication, resilience, and your contributions to our nation’s growth and prosperity. Agriculture remains the backbone of our economy, and your unwavering commitment ensures food security, economic stability, and the sustenance of livelihoods. We recognize the pivotal role you play and are committed to supporting your… Continue reading ZCGS CEO’s Message on Farmers Day

In the face of ongoing load shedding, the Zambia Credit Guarantee Scheme (ZCGS) recently held a crucial meeting with one of its partner financial institutions EFC. The agenda focused on fortifying the financial ecosystem to better support businesses grappling with the economic impact of power outages. Load shedding has become a significant challenge for Zambia.… Continue reading ZCGS and EFC Discuss Green Energy Product

Minister of Small and Medium Enterprise Development Honorable Elias Mubanga MP called for the strengthening of the capacities of the SMEs in North Western Province so that they are enabled to supply not only the local markets but also international markets such as Congo DR and Angola . Speaking during the official opening of the… Continue reading MSME Minister Officiates at the North Western Province Capacity Building Workshop

Zambia Credit Guarantee Scheme took advantage of the Youth Day celebrations and visited Bauleni Special Needs School in Bauleni where they made a donation of assorted items including school bags, water drums, cleaning materials and food stuffs. Speaking during the hand over of the items, ZCGS CEO Ms Mary Mumba thanked the School Authorities for… Continue reading ZCGS Donates to Bauleni Special Needs School

The team from the Zambia Credit Guarantee Scheme led by the Chief Executive Officer, Ms Mary Mumba paid a courtesy call on Zambia’s Ambassador to Egypt, His Excellency Major General Topply Lubaya. Speaking during the meeting, Major General Lubaya thanked the ZCGS team for attending the Intra Africa Trade Fair which brought together exporters and… Continue reading ZCGS Pays Courtesy Call on Ambassador

Zambia Credit Guarantee Scheme Limited has successfully participated at the Intra Africa Trade Fair (IATF) that was held in Cairo, Egypt. During the fair, the company had meetings with Export Credit Guarantee Company and Credit Guarantee Company. During the meetings,  knowledge was exchanged on how the schemes operate as well as their automated systems. It… Continue reading ZCGS Meets Credit Guarantee Schemes in Egypt

Zambia Credit Guarantee Scheme Limited Chief Executive Officer Mary Mumba has applauded Government’s decision to increase funding to the scheme from ZMW150,000,000 in 2023 to ZMW 386,000,000 in 2024 representing an increase of more than 100%. Speaking after the budget presentation by the Minister of Finance and National Planning, Honorable Situmbeko Musokotwane, Ms. Mumba expressed… Continue reading ZCGS Boss Applauds Increased Guarantee Funding in 2024 Budget