Zambian Small Businesses Get $70 Million Boost to Aid Growth

Britain and Sweden’s development-finance arms are partnering with the Zambian National Pension Scheme Authority to launch an investment platform backed by an initial $70 million to provide capital for the southern African nation’s small and medium-sized businesses.

Growth Investment Partners Zambia was launched in the capital, Lusaka on Tuesday. British International Investment put up $37.5 million alongside commitments of $17.5 million from Napsa and $15 million from Swedfund, they said in a joint statement.