Zimbabwe: Understanding Challenges Affecting SMEs

opinion

Dr Sanderson Abel SMEs play a key role in transition and developing countries. These SMEs typically account for bulk of all firms outside the agricultural sector. They constitute a major source of employment and generate significant domestic and export earnings. As such, SME development emerges as a key instrument in poverty reduction efforts.

Policy efforts targeted at SMEs have often justified with arguments that; SMEs are an engine of innovation and growth, they help reduce poverty as they are more labour-intensive, but they are constrained by institutional and market failures

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