Mnangagwa Launches Empower Bank, 7 Months After Grace Opened It

President Emmerson Mnangagwa yesterday launched the youth Empower Bank. The bank was first opened by former first lady Grace Mugabe seven months ago although it did not have a banking licence then. Grace’s daughter, Bona Mugabe was initially part of the board for the Empower Bank which was named in May 2017.  In his speech, President Emmerson Mnangagwa did not mention the bank’s past history. Mnangagwa urged youths to pay back the loans instead.

I, thus, urge Zimbabweans to inculcate a culture of savings and that of rewarding depositors through payment of interest as this will go a long way in building confidence and ultimately enhancing the stability of the financial sector…In the past, you have borrowed money, but have not paid back. This time around, things have changed. You have to pay back.

More: NewsDay

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25 comments on “Mnangagwa Launches Empower Bank, 7 Months After Grace Opened It

  1. Grace ddnt open e bank sh jus made e idea known to e youths and its onset was wrong Bona was a Board member of wch sh was in e state capturing project

  2. Yazi lina bantu ngani liyahlanya sibili uGrace Mugabe yena usengena nga hant kwamehlula yekelani uED ayenze into yakhe

  3. even though the current government is just super it is restoring and delivering everything neccessary

  4. This is great,now my prayers goes to the youth of Zimbabwe dai waro mauyawo nema projects anoitisa devlpmnt kwete zvehuku

  5. grace failed to establish anything which was developmental all she did was stealing the government money at the expense of the majority

  6. I remember e day e bank was declared open muHICC maYouth akarara achifamba uye vane nzara mheni icharova Grace irikuita maPress_Ups

  7. Lets join hands and even stretch e program kuti mupewo harvest house allocation yemaYouth funds vakarashika havo asi maZimbabweans

  8. Every time uED engenza into ebukekayo liyazama ngazo zonke indlela ukuthi limkhiphe kumap manje thina njengaYouths siyamthanda and ngalokho asenzela khona kuyabukeka

  9. grace opened the bank and never injected capital. ed came and put 3 million that was targeting the promotion of youths

  10. Alisasichazi lani phela kwakuyi idea kaGrace yeah maybe asiyali but wehlula yini ukuthi ayivule

  11. lol as others are opening banks and some are opening ecocash donors’ fund. kusiyana kwema levels

  12. Maita bass mutangamiri ndawanawo chinoita kuti nditange business rangu sezvo chikoro chakatiramba

  13. Let’s utilise these things that our pres is offering let’s make progress as youth and create a bright future for the next generations

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