German Sparkassenstiftung presents regional manifesto for Southern Africa

German Sparkassenstiftung for International Cooperation (DSIK) has successfully launched a new regional project to promote small-scale entrepreneurship in Southern Africa. Together with its German partners, Kreissparkasse Esslingen-Nürtingen and Kreissparkasse Saarlouis, it aims to facilitate access to financial services for small businesses in Malawi, Namibia, Zambia and Zimbabwe.

Regional Coordinator Markus Tacke (left) and Project Manager in Zambia Reinhold Hoernle (right) during the launch event.

Now online: Team members of DSIK in Zambia: front left to right: Natasha Zulu, Reinhold Hoernle; Back row left to right: Chambata Mbizule, Natasha Muyatwa, Natasha Ndashe and Hannah Redders.

Women’s Entrepreneurial Access Center (WEAC) Executive Director, Mrs Nambula Kachumi talking about the impact of the partnership between our organisations especially for women and the agricultural sector through the Farmers Business Games.

To this end, Deutsche Sparkassenstiftung is cooperating with the National Bank of Zambia, Bank of Zambia, Lilongwe University of Agriculture and Natural Resources and the Windhoek Vocational Training Center. The new regional office in Zambia's capital, Lusaka, enables on-site management and technical exchange in the region. With the newly appointed regional coordinator, Markus Tacke, who has 35 years of professional experience in the Sparkassen-Finanzgruppe, even more Sparkassen expertise is now flowing into the region.

Promoting small businesses

The project aims to combat poverty by giving micro and small enterprises, as well as young farmers, access to needs-based financial services, enabling them to participate in economic life. Therefore, basic business skills in particular are to be taught so that the small businesses can do better with their stores, handicrafts or farms and have a chance of successfully applying for a loan. Both the local partners and the small enterprises are to be supported through targeted consultancy by the German partner Sparkassen and the experience of German Sparkassenstiftung.

Expanding success in Zambia

The location of the regional office stems from the long-standing partnership with Zambia. From 2012 until the end of 2020, Bank of Zambia and Deutsche Sparkassenstiftung have already worked together for the financial inclusion of the Zambian population. Over the course of these years, more than 18,000 youth and adults in Zambia have been trained with over 800 training sessions conducted by German Sparkassenstiftung. The various training courses, known as Business Games, have been developed by German Sparkassenstiftung to promote financial education in an interactive and sustainable way.

Kick-off with virtual event

Due to the ongoing pandemic, the kick-off of the regional project was celebrated virtually. Over 100 people from eight countries participated in the virtual kick-off. In addition to presentations on the project's goals, the project's online presence was introduced with the new website and the new Facebook channel .

Jennifer Berbuir and Hannah Redders

Deutsche Sparkassenstiftung für internationale Kooperation e.V.
Simrockstraße 4, 53113 Bonn

Phone: +49 228 9703-0
Fax: +49 228 9703-6613 or -6630

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