An Assessment of the Effectiveness of the Bank of Zambia COVID-19 Stimulus Package on SME Performance

Bertha Chaliyumbe and Dr. Lubinda Haabazoka
Additional contact information
Bertha Chaliyumbe: University of Zambia
Dr. Lubinda Haabazoka: Graduate School of Business, University of Zambia, Lusaka, Zambia

African Journal of Commercial Studies, 2025, vol. 6, issue 3

Abstract: This study assessed the effectiveness of the Bank of Zambia’s ZMW 10 billion COVID-19 Targeted Medium-Term Refinancing Facility on SME performance. Using a descriptive research design and hierarchical regression analysis, the study examined impacts on gross revenue, net profit, and employment levels. Results reveal statistically significant positive effects across all three performance indicators. The findings emphasize the importance of improved accessibility, transparency, and adaptive policy design in strengthening SME resilience during economic crises.

Keywords: COVID-19; Bank of Zambia; SME Performance; Targeted Medium-Term Funding (search for similar items in EconPapers)
JEL-codes: E58 G28 L25 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ijcsacademia.com/index.php/journal/article/view/246

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cwk:ajocsk:2025-57

DOI: 10.59413/ajocs/v6.i3.2

Access Statistics for this article

More articles in African Journal of Commercial Studies from African Journal of Commercial Studies
Bibliographic data for series maintained by Dr. Charles G. Kamau ().