WOMEN Affairs, Community, Small and Medium Enterprises Development minister Monica Mutsvangwa has called for the expertise of governance and accountancy professionals to provide structures and accountability support for small and medium enterprises (SMEs). The minister made the remarks at the just-ended near week-long Corporate Governance and Accounting Institute in Zimbabwe (CGAIZ) annual conference held in Victoria Falls, which ended on Saturday. The conference came at a time when the Zimbabwe government is stepping up its efforts to bring the SME sector into the tax bracket, as it is part of the 76,1% informal economy.
The event was held under the theme Inspire, Innovate, Sustain: Charting the Course for Zimbabwe’s Economic Rebound. “The road ahead is not without obstacles. But the spirit of Zimbabwe has always been one of resilience, innovation, and hope.
Government will continue to play its part — through reforms, investments, and supportive policies — but we count on partners such as CGAIZ to stand with us in building a stronger economy and a more accountable society,” Mutsvangwa said. “I urge this conference to be bold in its deliberations, practical in its resolutions, and united in its commitment to inspire, innovate, and sustain. Together, let us chart the course for Zimbabwe’s economic rebound and for a brighter future for our children.” She underscored the necessity for governance and accountancy professionals to establish the frameworks required for the sustainability of SMEs.
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“The SME Growth and Development Strategy recognises that small businesses are the lifeblood of our nation, employing over 60% of our people,” Mutsvangwa said. “As government, we are working to improve access to finance, markets, and skills for these enterprises — but we need your expertise as governance and accountancy professionals to provide the structures and accountability that will make them sustainable.” The minister also highlighted that the African Continental Free Trade Area is a significant opportunity for Zimbabwean entrepreneurs, stressing the need for high standards in governance and financial discipline. CGAIZ president Judith Buzuzi said this year’s conference was a call for action. “The theme for this year, Inspire, Innovate, Sustain: Charting the Course for Zimbabwe’s Economic Rebound, could not be more appropriate,” she said.
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Source: NewsDay
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