Zimbabwe SMEs seek to boost productivity

Zimbabwe's Small to Medium Enterprises (SMEs) sector is set to adopt a strategic approach aimed at promoting import substitution and increasing productivity through utilization of the available resources countrywide, the Herald newspaper reported Friday.

Minister of Small to Medium Enterprises Sithembiso Nyoni said the ministry will encourage small to medium-scale entrepreneurs to tap into and explore the resources in their own areas so as to increase resource utilization, enhance productivity and spur economic development, said the report.

Nyoni added that her ministry would vigorously seek to find more international partners in order to increase exports and generate foreign currency for the country.

Zimbabwe's SMEs sector is estimated to have about 2 million players that employ more than 70 percent of the population.

Source: Xinhua