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.
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| 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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