Chapter 4: Zambia: SBM

Simply Best Merchandise (SBM) Investments Limited, founded in 1994, is a family-owned business enterprise belonging to the Mwansa family in Zambia. Recognising the importance of entrepreneurship in economic growth and poverty reduction, SBM provides targeted coaching and mentoring from their 30 years of experience to aspiring entrepreneurs in Zambia. By assisting individuals in developing a business mindset, refining their business ideas and providing guidance on various entrepreneurial skills, SBM helps aspiring entrepreneurs navigate the challenges of starting and sustaining successful businesses. This support can lead to job creation, economic growth and ultimately poverty reduction linked to SDG#1.

SBM started in 1994 at a 60 sqm shop outlet and two members of staff at the Carousel Shopping Centre on the periphery of Lusaka's central business district. The business started as a partnership between Dr. Sylvia B. Mwansa and business colleague Anne Shinondo on a 50%–50% shareholding. After the original founders parted ways amicably, the 50% stake of Anne Shinondo was distributed as follows: Dr. Sylvia B. Mwansa as the principal shareholder with 50% equity, followed by Dr. Stephen Mwansa 10%, Mutale F. Mwansa 10%, Sampa S. Mwansa 10%, Chileshe Stephen Mwansa 10% and Kanyanta Theresa Mwansa 10%. The shareholders also became the inaugural Board of Directors, with Dr Stephen Mwansa as Chairman, and the rest being members of the Board. Regarding management, Dr Sylvia B. Mwansa (being the business's vision carrier) was appointed Chief Executive Officer, a position she still holds up to now.