Zim has 3,4 million SMEs: Minister

ZIMBABWE has 3,4 million micro, small and medium enterprises (MSMEs), which means the economy is highly informalised.

Speaking at the Small and Medium Enterprises Development Corporation (SMEDCO) Women’s Product and United States dollar facility launch on Wednesday, Women Affairs, Community, Small and Medium Enterprises Development minister Sithembiso Nyoni said MSMEs have now become the pillar of the Zimbabwean economy.

“According to the Micro, Small and Medium Enterprises Survey report, there are 3,4 million MSMEs operating in Zimbabwe, with women constituting 56,4% of the total enterprises.

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