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- Southern Africa Cross Border Traders’ Association (SACBTA), has launched a revolving fund with an initial injection of K240,000 in Zambia
- The fund has been created with the support of the Open Society Initiative for Southern Africa (OSISA).
Southern Africa Cross Border Traders’ Association (SACBTA), has launched a revolving fund with an initial injection of K240,000 in Zambia. The fund has been created with the support of the Open Society Initiative for Southern Africa (OSISA).
The project will provide capital for cross-border traders in the region to come out of the adverse impact caused by the Covid-19 pandemic. The Association has so far disbursed K20,500.
During the pandemic, many traders lost their businesses and capital.
The project will run up to May 2022 and 100 informal cross-border traders will benefit. SACBTA is composed of enclave economies which are characterized by having formal, informal, semi-urban and rural economies. It may be noted that more than 40% of the families in Southern Africa rely on the informal sector for their livelihood.
