Zimbabwe: 'SMEs Must Be Formalised to Lure Investors'

28 October 2016

Government is formalising operations of Small to Medium Enterprises for investors to be able to evaluate their businesses and make decisions, Vice President Emmerson Mnangagwa has said. He said most SMEs were not registered and lacked accounting records and investment into them was considered high risk.

VP Mnangagwa made the remarks in Harare yesterday while opening the 2016 SMEs International Expo and launching the Virtual Business Incubation Centre for SMEs. The SMEs International Expo is an annual exhibition which affords small businesses and corporates a platform to showcase their products and services.

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