News Article

Breaking News… 18 May 2021

Motion on the need to formalise the Informal Economy activities into mainstream activities has been moved in Parliament, debate now in motion. This is a big move in the right direction

Following some consistent advocacy on the need to formalize informal economy activities into mainstream activities of the economy through legal recognition; Following the tour of the Parliamentarians to assess the challenges faced by SMEs and Informal Economy workers and traders as well as assessing the impact of COVID-19 on their business and working environment; Maintaining consistency in the advocacy for formalization that seeks to decriminalize informal economy activities and further promote their contribution to the country’s GDP whilst assessing services that provides decent working & living conditions for the target group; Convincing on the need for the government to formulate a law that protects Informal Economy and SMEs; With understanding that if the Informal economy and SMEs are actively regulated with an average tax bracket of US$5,00 per worker/trader out of an estimate of 5 million Informal economy workers/SMEs in Zimbabwe, the country will realize an estimate of US$ 25 million monthly for better development; It is a very big outcome to note that today the 18th of May 2021, a motion was moved in Parliament of Zimbabwe on “THE NEED TO FORMALIZE THE INFORMAL ECONOMY ACTIVITIES AS A KEY DRIVER OF ECONOMIC DEVELOPMENT” even towards NDS 1 and Agenda 2030. The motion is now under debate which we hope as many Parliamentarians will support because it is a critical component of our recovery strategy. As ZCIEA we are going to intensify awareness-raising and advocacy to all key players and the nation at large with the added value in supporting this long-overdue step in the right direction. We will continue to endeavor for decent standards of living for all Zimbabweans in a stable economy. This covers social protection, access to markets, business linkages, financial inclusion, and social dialogue. ZCIEA would like to appreciate the Parliamentarians who now understand and embrace this vision of Informal economy Transformation.

“The Chamber That Delivers”

Share

Leave a Reply