The last time a world survey was done by IMF—Zimbabwe came second when it comes to the informal sector in the world, just a few inches from Bolivia.
The second biggest per capita informal sector under the sun!
And you don’t need to look too far—your home, street, church, workplace, social media. Even at traffic lights—vendors everywhere. Maybe you could be forgiven for thinking those formally employed are sticking to employment business?
Think again as even ministers have farms where they have some weekend business to do. Pastors, lecturers—noone is spared. Everyone looking for money. Some you may not even see them like the diaspora involved in business activities back home.
Our colleagues working at cruise ships also join entrepreneurship when back home.
This brings us to an important question—How can the government support entrepreneurship in Zimbabwe?
The number is too big from Siakobvu, Chiredzi, Nyamapanda, Beitbridge , Plumtree, Dotito to Mt Selinda.
Current interventions:
- Support to agri-preneurs in rural areas and farming regions
- Support to artisanal miners
- Developmental partners support to villagers
It is easy to track progress in terms of support to certain rural regions—support from the Government and Developmental Partners. Be it inputs in agricultural initiatives such as Pfumbvudza or Development Partners such as CARE, GOAL, EU and others.
The Headache: Urban Areas
Take a walk in Epworth, Dzivaresekwa, Mzilikazi, Makokoba, Mkoba, Vhengere, Chipadze, Waverley, Dombotombo, Sakubva, Chikonohono and others. Pick random entrepreneurs and ask what sort of support they have received in their business endeavours?
- Ask them the sort of support available to small businesses?
- Ask them about organizations that support small businesses?
- Ask too if they know anyone who has received support in their businesses?
Out of a survey sample of 100, count yourself extremely lucky if 2 interviewees say they know of any organization that represents small businesses. Technically no one has received support. Small businesses support is non existent in Zimbabwe!
Of course this is not to belittle the sterling work done by Old Mutual, Women’s Bank, University Innovation Hubs, Zimtrade and others—but whatever great work is going on—the folks on the streets don’t know about it.
We need to reach a level where identification of support institutions is as easy as Lobels Bread.
Identification through direct benefits—or knowledge of someone who did.
The focus on providing professional workspaces is noble—but the numbers that need support is overwhelming. We are talking of +9 million entrepreneurs.
Recommendations
The ongoing SME survey a great starting point—although a few are aware of it. Am still to bump into them.
- Bring influential stakeholders to the table—Relevant Government Ministries, ZIMRA, Councils, Universities, Financial Institutions, Mobile Telecommunication Companies, Public Media, Development Partners, SME Associations, ICT Leaders, Pension Funds, Medical Societies, Insurance Companies, Diaspora Communities.
- Brainstorm on how you can leverage on AI to reach out all corners of Zimbabwe including the diaspora—leave noone behind and this is where Mobile Telecommunication Companies, ICT companies, Financial Institutions and Public Media will come in.
- Using AI—find innovative ways to address the needs of entrepreneurs. Access To Capital, Opportunities such as; grants, loans, tenders, workshops etc. How can Mukuru help on remittances for business start-ups? How can Ecocash on Roundtables? How can FBC Amarounds reach to small businesses in Tsholotsho or Nkayi?
- Development partners could bring some of the best tech expertise and skills from home countries. What is it they are successfully doing locally and internationally? What are the best practices that can be implemented nationally?
We believe Zimbabwe needs to appreciate that it’s a unique country as second world best—and therefore should implement world best approaches to entrepreneurship support. We cannot 100 %copy South Africa—they are not world best. Yes they have some of the best support models and we could pick a few tips. We need models that brings world leaders to Zimbabwe and learn from us. Countries going through the same challenges need to learn from us.
And the good news? It doesn’t cost much but will bring immense economic development benefits.