Global Journal of Management and Business Research, C: Finance, Volume 22 Issue 4

© 2022. Benson Philip Hlungupi Samudzimu & Prof. Dr. Michael Dynamite Benson Munkumba. This research/review article is distributed under the terms of the Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0). You must give appropriate credit to authors and reference this article if parts of the article are reproduced in any manner. Applicable licensing terms are at https://creativecommons.org/licenses/by-nc-nd/4.0/. Volume 22 Issue 4 Version 1.0 Year 2022 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Taxonomy of Small and Medium Enterprises (SMEs) Constraints: An Analytical Perspective of Zimbabwe By Benson Philip Hlungupi Samudzimu & Prof. Dr. Michael Dynamite Benson Munkumba Abstract- Small and medium-sized enterprises (SMEs) in Zimbabwe are regarded as the most resilient and the backbone of the economy following years of capital flight since 2000 following the consummation of the fast tract land reform programme. Since then, major corporates disinvested, and this created a huge gap in the products and services supply chain, and the SMEs robustly emerged largely owned by the local people. This paper, however, has established that in as much as the SMEs have a critical role to play, government aided financing infrastructure is characterised by a plethora of policy and regulatory frameworks that limit growth and development of the SMEs to contribute significantly to the development of the economy. Using a review process as a methodology as part of an ongoing doctoral research in this field, the paper puts across that it is vitally important for Zimbabwe to put incentives from a policy and tax rebate point of view, including lessening the bureaucratic red-tape and rigidities that characterise SMEs loan application to access to capital. The various independent and dependent variables in this paper require an overhaul to ensure that the challenges that limit SMEs access to financing are addressed. Keywords: small and medium enterprises, financing, policies & regulatory frameworks. GJMBR-C Classification: DDC Code: 338.642 LCC Code: HD2341 TaxonomyofSmallandMediumEnterprisesSMEsConstraintsAnAnalyticalPerspectiveofZimbabwe Strictly as per the compliance and regulations of: Global Journal of Management and Business Research: C Finance