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SMEs strategic plan

SMEs strategic plan

Story by Gay Matambo

MICRO-SMALL and Medium Enterprises (MSMEs) have been cited as an effective tool to empower youths and women in line with the Second Republic’s mantra of inclusive development.

A three-day Chamber of SMEs strategic plan conference is underway in Chiredzi, with attention being drawn to the adoption of innovative ways of conducting business.

Speaking on the sidelines of the conference, participants noted some of the gaps which are hindering their progress including lack of access to affordable loans.

“I am part of a group of women who sell batteries for lights, radios and chargers to people in the rural parts of Triangle. Our dream is to own a shop because we normally move from door to door selling our stuff and we are happy with this conference as it will enable us to access information on how we can access business loans to grow our businesses,” said one of the participants.

Another added, “This conference will enable us to grow as SMEs and realise our full potential. We are working hand in hand with the Ministry of Women Affairs which has facilitated partnerships between local banks and SMEs and that is a step in the right direction towards our growth.”

Zimbabwe Chamber of SME’s Secretary General Mr Venancio Kurauone highlighted the scope of the strategic plan formulation process.

“Our vision as the Zimbabwe Chamber of SMEs is to ensure that 5 million plus individual micro and small businesses alike are formalized by no later than 2030 and are given equitable access to national resources which will allow them to sustainably grow. This vision aligns with the tenets of NDS1 that we must all collectively work to make and build Zimbabwe to become an Upper middle-income economy by 2030,” he said.

The Second Republic through the National Development Strategy One has prioritised the development of MSMEs across key productive sectors to achieve rural industrialisation.

Masvingo Minister of State for Provincial Affairs and Devolution, Honourable Ezra Chadzamira said, “The province is working tirelessly formalising small businesses in urban areas, constructing workspaces and vending sites for SMEs in urban and rural areas through local authorities. I urge SMEs to make use of the available opportunities provided by government and be proactive.”

The conference also saw the Zimbabwe Chamber of SMEs and its partners launching a two million United States dollar electronic membership platform that will serve as a national database of SMEs.

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