By Ndinatsei Mavodza
In efforts to support the city’s growing small business sector, Masvingo City has set aside US$50 000 in its 2026 capital expenditure budget for the Small and Medium Enterprises (SMEs) Innovation Hub, a dedicated space for entrepreneurs to operate, grow and innovate.
SMEs make up a significant part of the city’s business operations occupying around 84% of all business operating spaces.
Despite their prevalence, many entrepreneurs struggle with access to affordable and organized spaces that allow them to conduct their business.
The Innovation Hub is expected to address this challenge by providing structured spaces where small businesses can operate efficiently.
The initiative complements the Manhede Business Mall project which received US$150 000 in the same budget as the council seeks to modernize business operations while reducing illegal vending in markets such as Chitima and Chesvingo Safe Market.
Markets construction, with a budget of US$65 000, will focus on refurbishing and expanding organized trading spaces.
By creating safer and more structured market environments, the city aims to enhance trade efficiency by reducing illegal vending and improving overall hygiene standards in commercial areas.
To improve urban safety and accessibility, the city has set aside US$100 000 for public lighting.
Upgraded streetlights will illuminate key streets and commercial areas, enhancing security for residents and supporting businesses that operate after daylight hours.
Masvingo City will invest US$50 000 in water retention measures to better manage drainage issues.
Construction and operational timelines for the innovation hub are expected to be finalized following the full budget approval with officials promising a modern and fully equipped facility to serve Masvingo’s small business community.
With the city’s small business sector forming the backbone of local commerce, the project is expected to boost economic activity, create new opportunities and improve market organization across Masvingo.
