Wednesday, 4 March 2015

SMEs a medium to fuel economic growth.

SMEs have become a success in the economy of Zibambwe.Through SMEs their has been a fast flow of cash flowing through citizens.Furthermore they have enabled regulatory and and administrative enviroment.To add on, according to The Sunday News ; there is availability of finance which is a key success factor for SMEs development.
SMEs indeed hold the key to the country`s future.They are a medium to fuel economic growth, prosperity and poverty reduction.Critical to the development of SMEs is making environment for SMEs, nurturing small and medium enterprise instead of harvesting for them.
Young achievers responsible for fueling economic growth.
The survey was conducted by an initial multi-stage sampling process and comprehensive listing of over 57 000 households in 500 areas, thereby identifying 15 906 business owners. 3 222 face-to-face interviews were conducted. According to The Zimbabwe Independent;It was concluded that 5,7 million people are working in the SMEs sector, with consequential contribution to poverty alleviation, albeit to a modest extent, as 40% of SMEs owners were earning less than US$200 per month. In the sector there were 2,8 million owners of enterprises, and 2,9 million employees.Also of import were the principal operating locations of the surveyed SMEs. Thirty-nine per cent operated from residential premises, whilst 22% from farms or small holdings, 11% by trading from door to door, 9% from the streets, and only 6% from traditional market facilities.

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