Mugabe admits industry has collapsed, rallies SMEs

PRESIDENT Robert Mugabe says the Zanu PF government is now banking on small to medium enterprises (SMEs) for employment creation and economic recovery, following the collapse of most industries in the past two decades.

Addressing stakeholders attending an international research symposium in Harare on Friday, Mugabe said if Zimbabwe was to take a cue from the model used in China and India, the country could realise more benefits from the sector.

“With success stories having already been recorded around the globe in China and India, for example, there is no need to reinvent the wheel or to try to reinvent it on SMEs,” he said.

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