Thursday
May 11
2017

Zimbabwe: $90m Package for SMEs Unveiled

Vice President Emmerson Mnangagwa yesterday launched a $90 million funding package to capacitate upcoming businesses across all sectors and help formalise their operations to ensure they contribute to the mainstream economy. This comes as Government enhances efforts to stimulate economic growth through small to medium enterprises. The $90 million package was facilitated by the Reserve Bank of Zimbabwe and will be administered by the Ministry of Small to Medium Enterprises and Cooperative Development in collaboration with various financial institutions.

Of the $90 million facility, $10 million will go to horticulture, $15 million to cross border traders, $40 million for the gold facility, $15 million for women empowerment, while $10 million has been earmarked for business linkages.

Source: AllAfrica (link opens in a new window)

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Tags
Africa, entrepreneurship, financial inclusion, government, SMEs, Zimbabwe