THE Indigenous Advisory Practitioners Association of Zimbabwe (IAPAZ) has commended the recently announced Monetary Policy Statement (MPS) by the Reserve Bank of Zimbabwe (RBZ), describing it as a progressive step towards strengthening the Small and Medium Enterprises (SMEs) sector and driving industrial growth.
IAPAZ is a leading advocate for professional collaboration, economic formalisation and industrial development.
RBZ Governor John Mushayavanhu presented the MPS last week, which outlined measures to enhance financial stability, expand financial inclusion, and stimulate economic development.
IAPAZ President Nyasha Gonese lauded the policy’s focus on SME financing.
“The introduction of the Targeted Finance Facility (TFF) and improvements in foreign currency accessibility through the Willing-Buyer Willing-Seller (WBWS) interbank market mark a significant turning point for SMEs.”
“These measures will provide much-needed liquidity, allowing small businesses to expand, restock, and contribute meaningfully to Zimbabwe’s economic framework,” he said.
He also emphasized that access to affordable credit has long been a barrier for SMEs, and this facility is a welcome intervention.
“For SMEs engaged in manufacturing and production, the availability of affordable credit and foreign currency for raw materials procurement will foster resilience and competitiveness,” he said.
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Gonese also called for continued dialogue between the central bank and key stakeholders to ensure effective implementation.
“Regular engagement with SMEs and professional associations like IAPAZ is critical to addressing challenges that may arise during execution. Continuous feedback and adjustments will be necessary to maximize the benefits of this policy.”
