adminSMEs contribute 70 percent of the Zimbabwean Gross Domestic Product and employ more than 85 percent of the population.
Small and Medium Enterprises Development Minister Sithembiso Nyoni said linkages would enable small businesses to share knowledge and resources to expand their operations.
“Linkages within the SMEs and other corporates would assist in transforming small businesses into big organisations,” she said.
Minister Nyoni urged SMEs to embrace the ongoing indigenisation programme and buy shares in big companies in order to be part of the ownership structure.
“SMEs can benefit largely from the indigenisation policy,” she said.
Meanwhile, Minister Nyoni said SMEs performed well during the first half of the year.
“The SMEs are beginning to organise themselves by forming district chambers that manage their operations in different parts of the country,” she said.
Minister Nyoni said registration of SMEs had increased countrywide with more than 200 business cooperatives being registered through the chambers.
However, Minister Nyoni said SMEs still faced challenges of funding and limited working space. — New Ziana
Online Reporter