Government, key partners committed to uplifting small to medium enterprises

BY ZBC Reporter

Government is working with key partners to capacitate small businesses in growing their trade and accessing reliable markets for their goods.

Speaking after an assessment tour of a piggery project in Gutu, the Minister of Women Affairs, Community, Small and Medium Enterprise Development, Dr Sithembiso Nyoni said local entrepreneurs have the capacity to contribute meaningfully to the country’s gross domestic product if supported with the necessary resources.

One example of the funds that have been set up to capacitate viable projects is the OPEC Fund for International Development (OFID), with 7 million United States dollars set aside for three provinces namely Manicaland, Masvingo and Matabeleland North.

Dr Nyoni visited one of the beneficiaries of the funds, livestock farmer Steven Muteura in Gutu, Masvingo, to assess the performance of his piggery project.
“We want to develop SMEs into big projects rather than remaining small. OFID funds support farmers. This farmer has a passion for piggery and he wants to go big,” said Minister Nyoni.

Mr Muteura, who got 10 000 United States dollars, says he has managed set up a thriving piggery project.

Dr Nyoni highlighted that the funds are still available for those with viable projects with loans ranging from 10 to 50 thousand United States dollars per individual.

Minister Nyoni also met leaders of SMEs who operate at Mupandawana Growth Point and urged them to implement high standards of hygiene in the wake of the Covid-19 pandemic.
“I have come to educate you so that you educate others. We need to see how we can avoid this coronavirus starting with you; what can government do and what can you do to prevent this disease?”

Zimbabwe has 2 confirmed cases of Covid 19 as of this Saturday.