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The Role of the Government in Supporting Entreprenuerial Activity

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GREAT ZIMBABWE UNIVERSITY FACULTY OF COMMERCE

NAME(s) | GODWILLS TINASHE | SURNAME | MAJUTTA | REG NUMBER | M149780 | PROGRAMME | BUSINESS MANAGEMENT | LEVEL | 2:1 | COURSE | ENTREPRENUERSHIP | COURSE CODE | BM | LECTURER | |

It is the duty of the government and other relevant stakeholders to provide a conducive environment for both the establishment and growth of entrepreneurs in Zimbabwe. The government, through its policies and legislation acts as both a barrier and a facilitator of in creating and enabling environment for entrepreneurial activities. The goal of this essay is to evaluate the role of the government and its partners in the creation and facilitation of environment for entrepreneurial activity In Zimbabwe.
Indigenisation and Economic Empowerment Act 2008 and Financial Institutions
In 2008, the Indigenisation and Economic Empowerment Act was passed and certain funding structures facilities were put in place such as the Youth Fund through the Commercial Bank of Zimbabwe, (CBZ), Kurera/Ukondla fund through CABS and Meikles Youth Empowerment facility (GOZ, 2008). The TREE (Training for Rural Economic Empowerment) programme which is an informal apprentice training is meant to improve the skills and quality of products produced which would enhance the ability of SMEs to compete locally, regionally and in some cases internationally, (Kasukuwere 2013). All these initiatives created and enabled environment for entrepreneurial activity in Zimbabwe.
Ministry of Small and Medium Enterprises and Cooperatives Development 2002
In an effort to ensure the development of SMEs, the Government of Zimbabwe established the establishment of the Ministry of Small and Medium Enterprises and Cooperatives Development (MSMECD), the then Ministry of Small and Medium Enterprise Development

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