By Marsha Sengwe
ZIMBABWE’S small and medium-sized enterprises (SMEs) are calling for refresher courses on business management and new trends to improve their operations and comply with regulations.
This plea comes as many SMEs in Zimbabwe face challenges due to limited understanding of business laws and policies.
According to Saul Musemwa, secretary general of the SMEs, the lack of business acumen and limited understanding of laws and policies hinder SMEs’ ability to operate efficiently.
“We need refresher courses on business management and new trends to enhance our operations and comply with regulations,” Musemwa said during a recent meeting of captains of industries. “Even universities can come on board by offering us short business management courses to bolster our business operations’ understanding.”
Musemwa emphasised that lack of business acumen and limited understanding of laws and policies can lead to problems with authorities like ZIMRA and local authorities/councils.
“Most of these people are law ignorant, only to wake up after being victimised by authorities,” he said.
SMEs in Zimbabwe face numerous challenges, including limited access to finance, economic instability, regulatory compliance, and a shortage of skilled labour. These challenges are compounded by the country’s complex regulatory environment, which can make it difficult for SMEs to navigate.
The Government has introduced new policies aimed at supporting SMEs and promoting economic growth. These policies include the Small and Medium Enterprises (SME) Policy, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), and the National Financial Inclusion Strategy.
The SME Policy aims to promote the growth and development of SMEs by providing access to finance, training, and mentorship. ZimAsset seeks to promote economic growth and development by supporting key sectors, including SMEs. The National Financial Inclusion Strategy aims to increase financial inclusion and access to finance for SMEs and other underserved groups.
Refresher courses on business management and new trends can help SMEs in Zimbabwe improve their operations and comply with regulations.
These courses can cover topics such as business planning and strategy, financial management, marketing and sales, and regulatory compliance.
Universities in Zimbabwe can play a key role in supporting SMEs by offering short courses on business management and new trends. These courses can be tailored to meet the specific needs of SMEs and can be delivered in a flexible and accessible manner.
Musemwa also pleaded with police and health officials to keep on carrying out their health and crime awareness campaigns for the safety of people in the industry.
“We need these campaigns to ensure the safety of our people and to prevent crimes that can affect our businesses,” he said.
