The Lusaka Chamber of Commerce and Industry (LCCI) has signed a Memorandum of Understanding (MoU) with the Zambia Association of Junior Researchers aimed at refining small scale business through research.
And LCCI President, Alexander Lawrence, has also stressed the need to include academia in the business industry if the sector is to achieve supplementary benefits.
Mr Lawrence was speaking at the signing ceremony in Lusaka , indicating that the government has implemented programmes designed at recovering the economy in the face of COVID-19, hence, it is up to the private sector to support the initiative through research and development.
“The MoU will improve small scale businesses in the country through research for efficiency, profitability and growth into multinational businesses thus improving the country’s economic trajectory,” Mr Lawrence stated.
He noted that many small scale businesses have failed to thrive due to the absence of research and development.
“There is information out there which most people do not know about, we want the ability to take the information and use it to the benefit of everybody. Together, you and I will make this economic recovery programme work,” Mr. Lawrence explained.