Vendors Voice

Mutize Blaze A Call To Rethink Informality Insurance

In the wake of the tragic Mutize flea market fire that took place in Bulawayo today in the early morning hours, vendors and traders are encouraged to consider investing in Small and Medium Enterprises insurance. The recent flea market fire was a devastating blow to the vendors and traders who relied on it for their livelihoods. As we rebuild and support those affected, it is important to also consider the value of insuring wares as a vendor and an informal trader. Insurance can provide a crucial financial safety net in times of crisis. While no amount of money can erase the pain and loss, it can help alleviate some of the financial burden. “This incident should be declared a city disaster because the market had become an industry to many, and as a community let us prioritise protection and preparedness,” said Bulawayo Vendors and Traders Association (BVTA) Executive Director Michael Ndiweni. At the stroke of midnight, chaos erupted caused by a fire break out at the Mtize flea market where the building was engulfed in flames and stock worth an estimation of USD 500 000  was destroyed, fire-fighters arrived on the scene and worked frantically at midnight to the morning trying to extinguish the raging blaze as well as salvage the stock which was to no avail as all the wares perished from the fire. “The market was our ware hub with people coming from all over to restock some from as far as Beitbridge, Gwanda and Victoria Falls to order wares from us, we are devastated,” said an informal trader who was operating at Mutize. “Schools are opening next week, I was looking forward to come and order school wear and stationery, we have lost business,” said another woman. Following the Mpopoma Outspan Factory also known as eSprampekini fire breakout that resulted to informal traders losing property worth thousands of US dollars when their goods caught fire, BVTA took the initiative to engage with Champions Insurance and create an insurance scheme that is specifically designed for vendors and informal traders which covers up to a USD 3000  hospital cash plan, USD 2200 medical aid, USD 1000 fire policy for stock and USD500 funeral cover from paying a monthly subscription fee of as little as USD5 per month. The organisation continues to advocate and urge informal traders to join the insurance scheme to cover their businesses in cases of unforeseen disasters and accidents

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‘Support us’ – MFIs urged

Young people have appealed for financial support from Micro financial Institutions (MFIs) as they are struggling with lack of capital and are besieged to enhance their businesses. This was indicated by young people who are part of the Safe and Inclusive Cities (SAIC 2.0) project, implemented by Bulawayo Vendors and Traders Association (BVTA) in partnership with Plan International, during an engagement session with MFIs. Young people revealed that MFIs should avail more funding, review their terms and diversify their loan portfolios to ensure that all young people with sound business proposals are supported financially. “Access to financial services can help ease the stresses associated with the challenges we face as young people starting from school, home, getting married and not getting jobs, said Masimba Bunu. “Building a financially inclusive ecosystem on a sustainable basis requires the involvement of a key constituency in the economy, the youth. One cannot talk of financial inclusiveness without addressing the challenge of involving the young in the discussion and practice of financial inclusion,” said Mr Brown from MoB Capital. Financial exclusion is not only a reality for most members of our society but it is especially true, that for youth, who are particularly vulnerable. During the engagement session, it was also revealed that it is important to provide youths with information on saving and opportunities to accumulate businesses. “The considered view of the organization is that MFIs should consider tailor making packages specific to young entrepreneurs,” said BVTA Executive Director Mr Michael Ndiweni.  “We want to see young men and women who are financially independent and have decent income, young people must have businesses that create employment opportunities, generate income for them and save them from engaging from harmful things, rather keeping them only busy,” Mthandazo Bhebe told The Lokshin Pulse.

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Digital skills training for young people in Bulawayo

Bulawayo Vendors and Traders Association (BVTA) has organized a series of basic digital training sessions aimed at assisting young people in enhancing their careers and businesses, and promoting online marketing. The BVTA Information and Communications Officer, Kwanele Moyo revealed that the trainings targeted young participants who were part of their trade camps in a bid to equip them with digital skills. The training, which focused on social media platforms such as Facebook, Twitter, Instagram, WhatsApp business, and Tik Tok, sought to enhance the participants’ skills development and differentiate them in today’s business environment. Zimbabwe women in MSMEsTrade Camps“We saw the need for young people to have digital skills after acquiring skills on trade camps, so they have to be able to market and advertise their wares since we are now in the fourth industrial revolution,” Moyo said. She added, “So, we realized that after skills acquisition, young people must have the ability to market and advertise their ways. So basically the basic digital skills training encompassed social media.” Moyo also revealed that the initiative hoped that social media marketing skills would help young business people reach a wider audience and save time on communication. Social Media & Digital Skills“The benefits include the ability to market using social media and if you are able to advertise your business on social media, you are able to reach a wider audience and communication becomes easy and time is saved.” Moreover, she added that the training included creating an email as well, as young people may need to communicate with potential partners or sponsors. While some participants faced challenges due to limited computer skills, the training equipped them with an adequate understanding of digital skills, enhanced by social media usage. In response to the future plans, Moyo said that BVTA plans to organize similar sessions in the future and partner with National University of Science and Technology (NUST) in subsequent training to deepen technical digital skills. Digital SkillsThe BVTA Information and Communications Officer further emphasized the importance of young people possessing digital skills in today’s business environment as we transition into the fourth industrial revolution. She also encouraged young people who reside in Pumula, Makokoba and Mzilikazi who want to improve their digital skills and knowledge to come and join the same project and the Safe and Inclusive Cities Program led by Plans International and acquire some knowledge and skills that will assist them in their entrepreneurial journey. Recently, Young men and women under the Safe and Inclusive Cities Program graduated as they received certificates of competence following their participation in trade camps aimed at enhancing their skills development. Empowering the YouthThe project, implemented by BVTA in partnership with Plan Zimbabwe and other partners, sought to empower the youth with various skills including hairdressing, beauty therapy, catering and deco, Panel Beating, welding, carpentry, poultry, garment construction, creative arts and waste management. During the graduation ceremony, Nkosana George Mazibisa, the guest of honour, emphasized the importance of attitude in business as the key determinant of success. Mazibisa highlighted that employment is created by entrepreneurs and encouraged the youth to complement and build each other to combat poverty. He also urged peer-to-peer mentorship among young people and advocated the use of internet for access to information. Safe and Inclusive CitiesThe Safe and Inclusive Cities Program has given hope to many young men and women who were previously excluded from formal employment. With their newly acquired skills, they can now actively participate in the economy and create employment opportunities for themselves and their communities. Lastly, the success of the project serves as a testament to the power of partnerships, entrepreneurship, and skills development in building a safer and more inclusive society.

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BVTA Women Council making great strides

Omama! Okuhle Siyazenzela! Bathi omama zimbokodo bayaziphandela! Sebekwenzile njalo, bebethe gwaqa namuhla betshayelana izimali njalo befundiswa yiNational University Science of Technology Department of Marketing indlela zokuthuthukisa amabhizimusi abo. Omama bafundiswe ukuthi kumele bathengise izinto ezilohlonzi njalo ezingafani lezithengiswa nguzulu wonke. Lokhu kwenza ibhizimusi lehluke lamanye wonke njalo likhule. Bakhuthazwe ukuthi kumele baphume lamanye amacebo enza ibhizimusi likhule njalo lithuthuke.

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