**6. Conclusion**

The findings call for enhanced coherence of strategies and policy formulation on employment creation across the multilateral system. The following factors were found significant: number of business, education level, business type, family business ownership, expertise, licencing, advertising and bank account. The policymakers should craft policies that enhance their contribution to profitability, growth and creation of employment. There is need for policy makers and other social partners to design and implement strategies that enhance employment opportunities in their countries. It is necessary for authorities at local, national and regional levels to embark on evidence-based analysis feeding the social dialogue and policy making processes for building a knowledge base for employment creation in SMEs. The discovery that all variables considered in this study have a form of relationship to SMEs' profitability is a good starting point. This serves to assist in intervening in SMEs sector on better designs and stimulations of productive business activities and strategies for job creation. The factors investigated in this study have to be considered and ensure the environment is improved for SMEs growth and profitability. The governments can provide the effective assistance required for young women and men in business to make a good start in the world of business. This will positively influence young people's personal and professional success in all stages of life.

Looking ahead to improve standard of living, create more job opportunities and economic growth the combination of growth factors that Africa presents create unparalleled opportunities for SMEs in the long term. The continent's natural resources as well as fast growing economies will sustain high levels of business growth making Africa's rise unavoidable. This will take political will and selfless decisions by the countries' leaders. The basis of a sustainable undertaking in Africa is dependent on the empowerment and support of regional SMEs and young entrepreneurs to reduce brain drain and poverty. The governments, international investors and other developmental institutions should be central to the stability

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**Author details**

Kosmas Njanike

Bindura University of Science Education, Bindura, Zimbabwe

© 2019 The Author(s). Licensee IntechOpen. This chapter is distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/ by/3.0), which permits unrestricted use, distribution, and reproduction in any medium,

\*Address all correspondence to: kosmasnjanike@gmail.com

provided the original work is properly cited.

*The Factors Influencing SMEs Growth in Africa: A Case of SMEs in Zimbabwe*

of the world's economy. There is need to support the millions of SMEs and future entrepreneurs in improving the regulatory and business environment, improving institutional support systems, promoting technology transfers, innovations and

The authors are grateful to FinMark Trust for the permission to use their

*DOI: http://dx.doi.org/10.5772/intechopen.87192*

Finscope MSME Survey Zimbabwe (2012) data.

improving productivity.

**Acknowledgements**

*The Factors Influencing SMEs Growth in Africa: A Case of SMEs in Zimbabwe DOI: http://dx.doi.org/10.5772/intechopen.87192*

of the world's economy. There is need to support the millions of SMEs and future entrepreneurs in improving the regulatory and business environment, improving institutional support systems, promoting technology transfers, innovations and improving productivity.
