Harare, (New Ziana) – The Government has approved the Principles of the Small and Medium Enterprises Amendment Bill which seek to align the regulatory framework governing Micro, Small and Medium Enterprises (MSMEs) to emerging needs and global trends to ensure the sector meaningfully contributes to socio-economic transformation.
Announcing the development during a post-Cabinet briefing on Tuesday, the Minister of Information, Publicity and Broadcasting Services Dr Jenfan Muswere said amendments to the Bill will provide for the accreditation of MSME associations, and business development service providers, and review of the definition of MSMEs.
“The Bill will also expand administrative and legislative measures in support of the MSME sector, streamline board appointments, and align governance provisions to corporate governance and public finance management principles.
“The amendment of the Small and Medium Enterprises Act will enhance the formalisation of MSMEs and bolster their participation in the economy, thereby contributing significantly to employment, industrialisation, export growth and attainment of Vision 2030,” he said.
Dr Muswere also gave a progress report on the implementation of the Zimbabwe Industrial Reconstruction and Growth Plan (2024-2025). He said the plan is a bridging transitional framework between the expired Zimbabwe National Industrial Development Policy (2019-2023), and the upcoming new Zimbabwe National Industrial Development Policy (2026-2030).
“The Zimbabwe Industrial Reconstruction and Growth Plan was crafted to address the immediate challenges facing the local manufacturing and commerce sectors. The Plan also aimed at harnessing growth opportunities to reduce the import bill as well as enhancing local production capacities and unlocking export potential,” he said.
Dr Muswere also announced that a total of 115 activities were set for implementation under four pillars that include commerce issues supporting industrialisation; measures promoting growth of the manufacturing sector; implementation and monitoring of the Zimbabwe Industrial Reconstruction and Growth Plan; and the crafting of the Zimbabwe National Industrial Development Policy. As of September 2025, the overall implementation of the Zimbabwe Industrial Reconstruction and Growth Plan stood at 70 percent completion.
New Ziana
