By Angela Moonga
Choppies Supermarket Limited has signed a Memorandum of Understanding (MoU) with First National Bank (FNB) Zambia, that will enable suppliers to have access to a variety of financial solutions.
Choppies public relations officer Mubiana Nalwendo stated that their vendors and suppliers would have access to a variety of financial solutions, among others working capital support, trade loans and other credit facilities that will allow them to expand their capacity and maintain consistent supply.
”To us, the partnership is a practical solution aimed at strengthening our supply chain and ensuring that our suppliers are well positioned to meet business demands,” Nalwendo stated. “At Choppies, our suppliers are key players to economic development and job creation. We believe that when suppliers are empowered, our entire supply chain becomes stronger. This then contributes to improved product availability, greater operational efficiency, and enhanced service delivery across all our 42 stores countrywide.”
She stated that the initiative would support the growth of local SMEs and align with their commitment to contributing to lowering the cost of living in Zambia.
”We are proud that Choppies currently works with over 280 local fully registered SMEs and thousands of suppliers across the country, and that this MoU will enable us to source more than 80 percent of produce in our stores from the local supply base,” stated Nalwendo. “We remain committed to partnerships that promote local content, strengthen our supply chain, and drive meaningful economic contribution to the country’s economy.”
