tawandamusarurwa
Online Reporter
GOVERNMENT says it will provide more incentives for micro, small and medium enterprises, including decentralising regulatory services and registrations, to accelerate their formalisation.
Addressing Tuesday’s post-Cabinet briefing, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said: “Incentives will be provided to enable finance institutions to extend long-term finance instruments to micro, small and medium enterprises (MSMEs), particularly in the machinery and equipment production business.
“Resources will also be channelled towards enabling the Standards Association of Zimbabwe to support product and systems certification for products from MSMEs and thereby enhance their regional and international competitiveness.”
The process of mainstreaming MSMEs development in the devolution agenda will now be accelerated, Minister Mutsvangwa added, with special attention on workspace provision for the various categories of enterprises across all provinces and districts.
“The Ministry (of Women Affairs, Community, Small and Medium Enterprises Development) is collaborating with universities, innovation hubs and industrial parks to promote technology transfer and the formalisation of informal enterprises,” she said.
Bongani Ndlovu
Online Reporter