RBZ Sets Aside $10 Million Fund For Youths

Speaking at the CBZ Youth Entrepreneurs Program (YEP) Awards in Harare, Reserve Bank of Zimbabwe (RBZ) Supervision Division Deputy Director, Audrey Hove revealed that the central bank had set aside $10 million for income generating projects for youths. Said Hove,

The youth are excluded from formal financial services due to various factors including inadequate information on financial services and lack of acceptable collateral security.

In this regard, the Reserve Bank of Zimbabwe has established a number of empowerment facilities amounting to $381.51 million to benefit various priority groups that are financially excluded.

While the youth qualify to access funding across the facilities, $10 million has been specifically been set aside to support businesses and income generating projects by the youth

More: 263Chat

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.

RSS Recent Pindula Profiles


Back to top

Write a Comment

Your email address will not be published.