Zimbabwe project 613-0239 · 1995 · private sector competitiveness

Project to expand indigenous ownership of the productive assets of the Zimbabwean economy through growth- enhancing mechanisms. The 6-year project has three components: (1) employee ownership, focused on both private companies and state-owned enterprises, as a means to increase ownership and productivity and, in the case of privatization, to achieve high- priority indigenization objectives; (2) business/trade association support, entailing program grants to a wide range of business organizations aimed at specific measures to increase employment, enterprise creation/expansion, ownership of shares in publicly listed companies, and opportunities for disadvantaged groups including women; and (3) access to capital, geared to both the debt and equity finance requirements of formal small- and medium-sizes enterprises (SMEs), as well as special financial needs of micro/informal enterprises. Key anticipated results by the end of the project include: (1) a minimum of 500 SME creations/expansions, resulting in an average increase of 10 jobs for each creation or expansion by 2001; (2) an increase in the percent and value of shares held by small investors by 2001 (exact target to be determined

Source: DEC abstract, PD-ABP-425 (1995). The source's own text.