SMALL and Medium Enterprises Development Minister Elias Mubanga says local financial institutions must lower interest rates on their loans to SMEs. And Mubanga says there is a growing appetite for entrepreneurship in the country. In an interview, Tuesday, Mubanga said Zanaco Bank was responding well to his call for lower interest rates. “Zanaco seems to be coming on, they seem to be coming on lowering their capital though I still want them to do more. Listen, this is our country, go outside Zambia you find the price for capital is quite reasonable but then you come into Zambia you find it’s so expensive to have access to finance. So we are preaching and we are just hammering on that point that...

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