President Emmerson Mnangagwa is currently in Gweru where he is officiating at the Small to Medium Enterprises (SMEs) Recognition Awards and Graduation Ceremony.
President Mnangagwa, who is expected to address exhibitors later on, is currently touring SME stands, and he is accompanied by Ministers Larry Mavima and Sthembiso Nyoni.
Apparently, SMEs play a major role in the economy given that they account for the majority of businesses worldwide and are important contributors to job creation and global economic development.
They represent about 90% of businesses and more than 50% of employment worldwide.
Meanwhile, according to the World Bank (WB) formal SMEs contribute up to 40% of national income (GDP) in emerging economies.
These numbers are significantly higher when informal SMEs are included.
The WB says 600 million jobs will be needed by 2030 to absorb the growing global workforce, which makes SME development a high priority for many governments around the world.
-Zwnews
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More