Local co-operatives will this Wednesday join the rest of the world in commemorating the International Day of Co-operatives.The International Day of Co-operatives is an annual event which is aimed at drawing attention to the contribution of the co-operative movement in resolving global social and economic issues.
The initiative also aims to strengthen partnerships between the international co-operative movement and other actors such as government.
Small and Medium Enterprises and Co-operative Development Minister, Cde Sithembiso Nyoni said co-operatives have a key role in improving socio-economic conditions for Zimbabweans.
â€œCo-operatives are a very viable vehicle for socio-economic enhancement. There are very important because gone are the days when business was separated from the social sector,â€ said Cde Nyoni.
The theme for this yearâ€™s International Day of Co-operatives is: â€œYouth the future of co-operative enterpriseâ€ – highlighting how the co-operative model of enterprise can be used to empower youths.
Zimbabwe now has over 4 600 co-operatives covering sectors such as housing, agriculture, manufacturing, savings and credit, art and craft, as well as fishing and mining.