By Own Correspondent

THE National Social Security Authority (NSSA) is currently immersed in constructing decent workspaces for the informal sector in development which is set to unlock more job opportunities.

Market records show that NSSA is constructing stalls for small and medium enterprises and informal businesses across Zimbabwe as part of a broader initiative to support the growth of the SME and informal sector.

The initiative aligns with NSSA’s broader goal of enhancing economic dynamics by supporting small businesses which have become a crucial pillar of the national economy.

“NSSA has since allocated US$5 million as seed capital for the establishment of Lendespark Finance, a micro-lending institution under its subsidiary, National Building Society (NBS) to support small businesses,” the authority’s communications department said.

Among the projects under way is the development of the Makoni Shopping Mall in Chitungwiza.

The double story complex is designed to support SMEs and micro-enterprises by providing them with decent workspaces and access to the facilities necessary for growth and success.

Another key development is the Sakubva Shopping Mall in Mutare, where NSSA is partnering with the City of Mutare to create a green market and micro-industrial hub for SMEs.

The project not only focuses on economic development but also emphasizes sustainability, catering to the growing demand for environmentally responsible business practices.

NSSA is working on various initiatives aimed at the financial inclusion of SMEs and other players active in the informal sector.

Once completed these projects are expected to bolster job opportunities as well as improve the state of decent work in the informal sector.