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AFDB Approves US$3.5 Million For Zimbabwean Youths And Women

AFDB Approves US$3.5 Million For Zimbabwean Youths And Women

The Africa Development Bank (AFDB) has stated that it has made an investment to the tune of US$3.5 million towards the creation of decent jobs for women and youths in the country.

The development was announced by Mr Kelvin Banda, the AFDB principal country economist. ZBC News’s Justin Mahlahla quotes him as saying:

We have already approved a new project. The sustainable enterprise development for women and youth project for an amount of about US$3.5 million. The new project will consolidate the gains that have been made to date. The aim of the new project is to improve incomes and creation of decent jobs for both women and youths.

Meanwhile, the Minister of Industry and Commerce, Dr Sekai Nzenza has encouraged young entrepreneurs to harness local resources and reduce the country’s import bill.

She made the remarks after touring exhibition stands at the inaugural national youth business expo in Bulawayo this Friday. She said:

Now is the time for us as Zimbabweans to be innovative. This comes at a time when the Ministry of Industry is rolling out the local content strategy. Prof Murwira mentioned that we have got so many resources in this country. We are pushing for value addition because we have been exporting and we continue to export our products raw as they are. What I mean is we are not fully benefiting from our local resources.

Higher and Tertiary Education, Innovation, Science and Technology Development Minister, Professor Amon Murwira spoke on the need for self-belief to attain national goals.

Kirsty Coventry, the Minister of Youth, Sport, Arts and Recreation said young people were showing how resilient they are in driving the country’s development.

While the rate of unemployment is high in Zimbabwe, many youths are meaningfully occupied in the informal sector where they are yearning for government support mainly through the creation of an enabling environment and provision of capital.

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8 Comments

Mindboggling 3 weeks ago

Eh Rega ndisiyane nazvo izvi


Mindboggling 3 weeks ago

Ko macommnets edu arikuyendepi ko


Mindboggling 3 weeks ago

Ko kunyarara kudai hanzii?


Chawabvunza 3 weeks ago

This is the kind of money which the Old People's Home government steals to fatten their pockets with. The little which remains is allocated to the Old People's Home Political Party youths ignoring opposition political parties youths. The two Ministers who have commented, Nzenza and Murwira, have not explained how government is going to share the money. This bank is dealing with Crocodiles/criminals.

NYIKA INOURAIWA NE MBAVHA DZAYO.

NGAAPINDE HAKE CHAMISA [NHC].


Freda 3 weeks ago

All that money wil disappear.


Aiwa ka 3 weeks ago

an African Development bank inopa Zim $3.5 million kuti vanhu vasimukire and they understand the importance of such money. And Harare City Council ikuda kuputitsa $344 million deal. Haa Zim so


Tateguru 3 weeks ago

3.5 metres iIncome while 344 metres iLiability

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dispenser 3 weeks ago

that's fake .those thieves have started it again



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