Government Throws Weight Behind SMEs

Government has committed to put in place policies that promote Small to Medium Enterprises (SMEs) saying the sector need to be supported grow into fully fledged corporates.

Addressing stakeholders at the CBZ International SME Indaba 2018 underway in Bulawayo, Permanent Secretary in the Ministry of Industry, Commerce, and Enterprises Development, Abigail Shonhiwa said the policies will speak to business support that will drive the growth of the sector.

“The SME sector has proven to be the driver of economic growth world over, the government through my ministry is putting in place policies that will ensure support is given to SMEs contribute to economic growth.

“The policies will speak to business support that will drive the growth of the sector.

“These services include amongst others entrepreneurship development and training, business linkages, cluster development, technology transfer, provision of appropriate workspace, market development and trade promotion, a creation of a conducive legal framework and access to finance,” said Shonhiwa.

She welcomed the efforts by CBZ Holdings to support SMEs within the country saying the bank’s efforts have allowed the sector to express its capacity.

“It becomes imperative for my Ministry responsible for business in the country to look for the sector which can deliver on job creation.

“The SMEs sector has proved to do well on this front and l welcome the efforts by the CBZ Bank Limited which allows expression by SMEs of their capabilities,” said Shonhiwa.

The second edition of the CBZ International SME Indaba has brought together 500 local, regional and international stakeholders, business leaders, national and international experts relevant to the growth of the SME sector.


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