Zimbabwe’s Indigenous SME policy Framework, a tool for black empowerment
Abstract Small to Medium Enterprise (SMEs) play a pivotal role in growing the economy as well as alleviating poverty across the marginalised citizens, especially in an economy such has Zimbabwe, which has experienced indiscriminate closure of large corporates to advance the indigenisation thrust of the government. In response to the closure of large corporates, Zimbabwe focused on SMEs as an alternative to close the gap. The Zimbabwe Industrial Development Policy (IDP) and the Indigenisation and Empowerment Policy (IEP) were put in place as the vehicles of economic transformation. This article analyses the impact of these two policies on the performance Zimbabwean SMEs. The article contributes knowledge on how African governments respond to economic crisis through the policies that they enact targeting the enterprises of the local citizens. Methodologically, the study critically analyses the literature on SME policies and performance in Zimbabwe. The article drew insights from both the IDP and IEP as well as form findings from other secondary studies.