SMEs to list on the Zimbabwe Stock Exchange (ZSE)

The Sunday Mail

Small and medium enterprises should grow into bigger conglomerates

GOVERNMENT says it is focusing on small and medium enterprises development so that they eventually list on the Zimbabwe Stock Exchange.
Industry and Commerce Deputy Minister Chiratidzo Mabuwa said it was critical to develop SMEs because the dominance of multinationals on the ZSE was risky as they could leave the country anytime.

“We are focusing as a ministry on incubating the entrepreneurial skills of Zimbabweans,” said Deputy Minister Mabuwa at the launch of the Zimbabwe @ Expo Milan 2015 in Harare last week.

“SMEs should graduate and grow into bigger conglomerates that even go to register on the ZSE. You agree with me that most of the companies that are on the ZSE, if not all, are multinational entrepreneurs who I have always said that if they find that the situation is, for one reason or the other, not in their own interests, they leave the country and force themselves in the next country; they are migratory in nature.

“So we want to look at entrepreneurship development of our own SMEs and industries, this one area that the Italian government and the Italian people can be able to share with us as we try to nurture our own entrepreneurs.”

The Expo Milan will be held in Italy under the theme “Food Security, Sustainable Development: A Healthy Zimbabwe”.