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Zim seeks to reap youth demographic dividends – Zimbabwe Situation

Zim seeks to reap youth demographic dividends – Zimbabwe Situation
zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.

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UN urges Zimbabwe to boost manufacturing sector

UN urges Zimbabwe to boost manufacturing sector
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UN Urges Zim To Boost Manufacturing Sector

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A boost to the future of MSMEs


 
As of May 2019, 99.56 percent of business establishments in the country were MSMEs. From around 900,000 in 2017, it further grew to 1.42 million, 90 percent are essentially microenterprises with total assets of below P3 million and with less than 10 employees. Data from the Department of Trade and Industry (DTI) showed that about seven out of every 10 employed Filipinos work in an MSME-owned business.   
 
The DTI estimated that in 2018, MSMEs were responsible for contributing 40 percent to the Gross Domestic Product (GDP), while providing 5.7 million jobs or 63.2 percent to the country’s workforce.   
Recognizing the MSME sector’s invaluable contributions to the economy and employment, the DTI launched the  “Go Lokal” program, a free-market access platform for MSMEs supported by select retail partners.   ....

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