Zim, Zambia sign MoUs for SMEs

Nyasha Motsi

Herald Reporter

Zimbabwe and Zambia have signed two Memoranda of Understanding (MoUs) aimed at enhancing the development of the small and medium enterprise (SME) sector, reinforcing the strong ties between the two nations.

At the signing ceremony yesterday, Women Affairs, Community, Small and Medium Enterprises Development Minister, Monica Mutsvangwa, who was represented by Permanent Secretary Dr Mavis Sibanda, said the partnership was designed to unlock new trade and investment opportunities.

“By engaging in joint research initiatives and leveraging existing international and regional agreements, we will amplify the visibility of our goods and services,” she stated.

“This collaboration will also facilitate the sharing of crucial policy, trade, and investment information, revealing untapped business opportunities that will enrich the economic landscape of both nations,” she said.

Minister Mutsvangwa added that the initiative will streamline trade facilitation measures, enabling entrepreneurs from both countries to participate in trade missions, fairs, and exhibitions.

The establishment of warehouses and trading houses will enhance operational efficiency, while coordinated efforts with customs and immigration authorities will ensure smooth border operations, reducing delays in trade processes.

Minister Mutsvangwa said the initiatives underscore the transformative potential of collaboration, driving innovation, creating jobs and bolstering economic resilience in Zimbabwe and Zambia.

“Beyond immediate trade facilitation, this partnership emphasises the importance of technology transfer and value addition to keep MSMEs in both countries competitive,” she said.

“Capacity-building initiatives, including training programmes, business cluster development, and incubator projects, will equip entrepreneurs with the skills and support they need to thrive.”

Zambia’s permanent secretary for Small to Medium Enterprises Development, Ms Subeta Mutelo, said through the partnership, the two countries aim to create a conducive environment for MSMEs and cooperatives to thrive, driving economic growth, job creation, and poverty reduction.

She expressed gratitude to Zimbabwe for its commitment to the partnership, adding that the collaboration would yield tangible benefits for citizens while contributing to economic integration.

People from both nations, added Ms Mutelo, should work diligently to implement the agreed-upon activities, ensuring that the cooperation is productive, sustainable, and mutually beneficial.