Small and Medium Enterprises Development Company (SMEDCO)
The Zimbabwe Small and Medium Enterprises Development Company (SMEDCO) is the nation’s
leading development finance institution for the promotion and development of micro,
small and medium enterprises in the country. It was formed in 1983 through an Act of
Parliament, chapter 24:12 and is a parastatal which falls under the Ministry of Small
and Medium Enterprises and Co-operative Development.
Ms. Gladys Kanyongo (CEO)
170 Chinhoyi Street,
Vakayi SME Fund
Vakayi SME Fund is a venture capital company created to invest in outstanding entrepreneurs
providing essential services in Zimbabwe. The fund is managed by Vakayi Capital, whose
founding partners are Zimbabweans based in Harare. The team’s experience and extensive
business network generates a robust deal flow for capital deployment in the health, clean
energy, housing and education sectors.
Chaitezvi Musoni (CEO)
9 Selous Road,Ballantyne Park,
Tel: (+263 )8677 117 251
International buyers looking for quality products and services discover Zimbabwe’s export
capacities to provide quality agricultural and manufactured products, and value-added services.
Consult our Export Directory, connect with reliable suppliers, know the institutions and
agencies supporting sectoral development, and find how ZimTrade can help you.
Expand your business outside Zimbabwe or diversify your overseas markets. Check your market
readiness, conduct market research and understand how to plan market entry in a new market
or expand in an existing market. Your success in building a sustainable export business
depends on your state of preparedness, the level of commitment, effectiveness of your
network, and the assistance from ZimTrade.
World Bank Group Doing Business Report:
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Zimbabwe Economic Outlook
Economic growth is expected to improve to an estimated 2.6% in 2017 from 0.7% in 2016,
driven by stronger performance in agriculture, mining, electricity, and water. Economic
performance in 2018 is likely to be affected by political changes; real GDP growth is
projected to be 1% in 2018 and 1.2% in 2019. The economy continues to face structural
challenges from high informality, weak domestic demand, high public debt, weak investor
confidence, and a challenging political environment. The country is experiencing a
liquidity crisis, which is a manifestation of structural deficiencies and distortions
in the economy. Progress was made in improving the business climate, but governance
and accountability remain problematic.