New Small and Medium Enterprises Policy in the offing
Staff Reporter ~
3 weeks ago ~
The informal sector has the potential to build markets, expand trade, fight poverty and generate employment, town clerk Eng Phakamile Mabhena Moyo has said.
The informal sector has the potential to build markets, expand trade, fight poverty and generate employment, town clerk Eng Phakamile Mabhena Moyo has said.
In an interview Eng Moyo said Council was developing a new SMEs policy because it believes that there is need to mainstream the informal sector into the economy of Harare because it plays a significant role in the creation of employment.
“We are here for the development of the policy because we recognize that this sector can lead to economic benefits in urban areas. The sector is important in the creation of employment and poverty alleviation. It has the ability to provide income to unskilled and semi-skilled workforce who could otherwise be unemployed.”
“In this way the sector is playing a very crucial role in achieving sustainability of cities. The upliftment of the conditions of the SMEs sector is a very critical tenet of the City’s sustainability as ignoring them will result in the decay of the city.”
The sector if well nurtured, he said, has the potential of growing and contributing significantly to the development of the economy.
