MOU helps traders

Informal traders here have received a major boost after two non-governmental organisations signed a Memorandum of Understanding to help regularise their operations.

The Zimbabwe Development Democracy Trust signed the MOU with Bulawayo Projects Centre.

“W ecome together with the common purpose of uplifting the status of informal traders to a functional, regulated business sector within the metropolitan province of the City of Bulawayo, with each party playing a different role according to their institutional mandate, collectively complementing each other in the pursuit of our collective aim and objective,” representatives of the organisations said.

As part of the agreement, BPC will identify licensed informal traders, with whom they are going to conduct a basic Micro-MBA course. ZDDT will be responsible for working with the Local Authority in drafting and formulating a small business policy and lobbying for the necessary licenses for the informal traders.

ZDDT will also build official workable and productive networks of Councillors and City Council officials and in the process facilitate the allocation of vending stalls in close consultation with the Local Authority.

The agreement between the organisations is a major boost to informal traders.

Post published in: Business

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