Unlocking Zimbabwe’s Economic Future: SMEs at the Heart of Inclusive Growth

By Regina Pasipanodya

Dr. Mavis Sibanda, the Permanent Secretary of the Ministry of Women Affairs, Community, Small and Medium Development, has encouraged SMEs to take advantage of opportunities from the Small and Medium Enterprise Development Corporation (SMEDCO).

This government-backed institution provides funding options aimed at helping grassroots businesses succeed.

During a recent tour of cooperatives and SME hubs, Dr. Sibanda stated the government is committed to financial inclusion and economic empowerment, particularly for marginalized communities.

“We are encouraging all SMEs to make full use of these financial tools,” she said, stressing that access to capital is now a reality for those willing to innovate and grow.

This appeal comes as Zimbabwe actively reshapes its economic landscape.

With the African Continental Free Trade Area (AfCFTA) creating new opportunities for regional trade, SMEs are becoming crucial in promoting inclusive growth and creating jobs.

Beyond funding, Dr. Sibanda pointed out that innovation is essential for SME success.She noted how local entrepreneurs are increasingly using digital tools, sustainable practices, and value-added production to remain competitive.

“Innovation is not optional—it’s essential,” she mentioned, highlighting examples like the Hauna Value Addition Centre and export-readiness workshops led by the UNDP, which have already benefited over 700 MSMEs.

The Ministry’s work is supported by partnerships with international organizations such as the World Bank, AfDB, and COMESA.

These collaborations have produced real results, including the creation of the Chirundu Traders Market and the development of SME centers in underserved areas.

Dr. Sibanda emphasized that these partnerships are crucial for increasing impact and ensuring that no entrepreneur is overlooked.

Initiatives like the Women Empowerment Clubs and Safe Market models are integrating economic empowerment into the social fabric of Zimbabwe.

These programs aim to support women, youth, and rural entrepreneurs, ensuring that the rewards of growth are shared widely.

As Zimbabwe gets ready for global events like the 2025 Japan World Expo, where 49 local MSMEs will participate, the momentum is clear.

Dr. Sibanda’s vision is straightforward: with the right support, SMEs will not only succeed—they will shape the future of Zimbabwe’s economy.