Story by Fungai Jachi
CONSTRUCTION of dedicated workspaces for small businesses in Chiredzi is gathering pace, with the Zimbabwe Chamber of Small and Medium Enterprises (SMEs) targeting accommodation for at least 5 000 enterprises by year-end.
The initiative, which has already provided formal operating space for more than 2 000 SMEs in the Lowveld, is being hailed as a major step towards formalising the sector, which contributes over 60 percent of Zimbabwe’s Gross Domestic Product (GDP).
Additional SME complexes are currently under construction, with authorities aiming to create space for a further 3 000 businesses before the end of the year.
Zimbabwe Chamber of SMEs Secretary-General, Mr Venancio Kurauone said the project is designed to help small businesses transition into sustainable enterprises while contributing more effectively to the national economy.
“Our aim is to ensure small businesses eventually grow into large enterprises, but this can only be achieved if they operate properly, including having safe and secure infrastructure. We want operators to formalise their businesses and pay taxes because meaningful economic contribution comes through formal operations,” he said.
Chisa Management Committee Chairperson, Mr Energy Mahungana said the development of multi-storey structures is helping maximise available land while accommodating more entrepreneurs.
“We are now constructing double-storey buildings to optimise land use. Our goal is to accommodate as many small business operators as possible so that no one is forced to operate from the streets,” he said.
Beneficiaries say access to secure and organised workspaces is transforming their businesses and restoring dignity to their operations.
“We are grateful because having a proper workspace brings dignity and respect to our business,” said one beneficiary.
Another SME operator said the facilities are enabling entrepreneurs to formalise operations and contribute to national development through tax compliance.
“Operating from the streets limits business growth. Having a safe and secure workspace allows us to be more accountable and manage our businesses responsibly,” said a businesswoman.
The shift from informal street vending to organised market stalls is expected to improve access to financial services, including bank loans, while strengthening compliance with regulatory requirements.
Government continues to work with stakeholders to formalise the SME sector, recognising its critical role in employment creation, economic growth and national development.
