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Diaspora Matters

$1million circulates in Mbare every trading day

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In an interview carried by The Sunday Mail today, interesting facts came up. The Ministry of Small and Medium Scale Enterprises and Cooperatives Development carried out  small survey in Mbare where they established that Mbare has a daily circulation of $1 million dollars. Interesting isn’t it? To some of us this is not new because in 2015 The Standard once carried a story where it was discovered that Mbare Musika generated $24 million in revenue in 2014.

The latest survey covers Mupedzanhamo, Siyaso and Mbare Musika.One million is no child’s play and the interesting thing about it is that we even have big companies participating on the vegetable markets with some offloading poultry eggs on  a daily basis.

We  hope to follow up on this story in the coming months and find out who the big players are at Mbare markets.

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Ntate Victor

The author Ntate Victor

Ntate Victor is a Chartered Management Accountant, ACMA, CGMA and an award winning business coach and consultant. Author of 6 books and skilled in financial analysis, strategic planning, risk management, and business coaching. Contact +263 773 055 063