MSME Policy 2020 – 2024 to Provide Basis for Sustainable Growth and Development

By Joyce Mukucha.
HARARE – The revised Micro, Small and Medium Enterprises (MSME) policy provides the basis for implementable strategies for sustainable growth and development of the MSME Sector, cogniscent that the policy is in line with various Government policies, NDS 1, and SDG 1 which all converge towards the attainment of the Vision 2030 of becoming an upper middle income economy, a government official has revealed.
The Permanent Secretary for Women Affairs, Community, Small and Medium Enterprises Development, Melusi Matshiya stressed that MSMEs play a crucial role in broadening the country’s economic activity base and address the issues of poverty and unemployment.
In his remarks at the MSME Policy 2020-2024 Provincial Dissemination Workshop for Harare Metropolitan Province in Harare on Monday, Matshiya said the National Micro, Small and Medium Enterprises Policy’s vision is to have A vibrant, innovative, productive, competitive and export oriented gender sensitive MSMEs sector by 2030.

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“It gives me great pleasure and pride to welcome you all at this momentous occasion where we are gathered for the dissemination of the MSME policy 2020 – 2024.
“The revised policy is a product of wider stakeholder consultations which were held in 2019 – 2020 and is built on previous policies dating back to year 2002.
“The policy framework seeks to enhance productivity, quality and competitiveness of MSMEs to effectively contribute to gross domestic product (GDP) and formal employment creation,” he said.
The policy was developed taking into account the critical role played by the sector to our economy, challenges faced by MSMEs in their operations as well as the envisaged role of MSMEs in industrialisation, agricultural development, employment creation, mining development, and supply of goods and services and export growth.
Additionally, the secretary said as enshrined in the National Development Strategy (NDS) 1, the policy will support MSMEs to improve production capabilities both in rural and urban areas of the country.
“The thrust under NDS 1 is to increase the performance of SMEs in the production of value added products by increasing linkages of growth oriented MSMEs in all the value chains and promote investments especially in the marginalised areas.”
The specific targets for MSMEs, he indicated, include increasing the percentage contribution of SMEs in volume of manufacturing index by 10% annually for the period 2021 to 2025.
MSMEs also seek to increase the number of SMEs in the manufacturing sector by 15000 in the period 2021 to 2025 and increase the number of SMEs in the manufacturing sector operating in the rural areas by 5 000 from 2021 to 2025.
From the above cited targets in the NDS 1, Matshiya highlighted that it was more apparent that collaborative and complementary effort is key to unlock value and the sectors potential.
“I would like to urge all the stakeholders here present to work together to ensure the effective designing and implementation of support mechanism to promote the development and growth of MSMEs who have exhibited the ability to broaden our economic activity base and address the issues of poverty and unemployment.
“The mission is to capacitate MSMEs to transform into formalized, productive, innovative, export and growth oriented and competitive enterprises through creating an enabling regulatory environment promoting an entrepreneurship culture which ensures the continuous creation and growth of new entities, capacity building and skills development of emerging and existing MSMEs.”
It has been also reiterated that the main objective of the policy is to provide a framework for effective implementation, co-ordination of policies, legislation and programmes at national level in order to achieve growth and graduation of MSMEs from micro to small, small to medium and medium to large corporates.
The implementation of the MSME Policy 2020-2024 shall be guided by key principles of stakeholder consultation; integration of MSMEs into the mainstream of local, regional and national development initiatives;development of MSMEs in line with green enterprise principles; inclusivity in MSME development; innovation, productivity, value addition and beneficiation; formalisation and growth.
The MSME Policy outlines 12 strategic pillars to promote the development and growth of the MSME sector for the period 2020 to 2024.
These strategic pillars include enabling legal and regulative environment, MSME financial support market development and trade promotion, rural industrialisation and entrepreneurship development among others.
For the policy provisions to be achieved, Matshiya elaborated the need for collective participation and support from the relevant stakeholders.
“As I conclude, I would like to challenge everyone once again that coordinated and collaborative efforts in implementing programmes that create employment, poverty reduction and most importantly empower those at the bottom of socio economic pyramid to participate in the mainstream economy is key in the attainment of our national vision, Vision 2030 of becoming an upper middle income economy.”
He also hailed stakeholders for significant contribution in the review process and also commended strategic partners, UNDP and the EU for providing technical and financial support during the review process.
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