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*Govt Fails To Avail Promised ZWL$18 Billion Stimulus Package* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?im The government has failed to avail the ZWL$18 billion stimulus package it promised companies in 2020 to help them recover from the adverse effects of the COVID-19 pandemic. In 2020, Finance and Economic Development Minister Mthuli Ncube promised to bail out embattled local companies. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- However, Zimbabwe National Chamber of Commerce president Mike Kamungeremu told Business Times this week that businesses are still waiting for the rescue package. He said: > The 2020 (ZWL$18bn) support package did not reach the businesses which needed it the most. The rescue package was equal to 9% of Zimbabwe’s gross domestic product or 28.6% of 2020’s National Budget. The package was aimed at assisting businesses to get back other feet following the economic slowdown caused by COVID-19. At the time the ZWL$18 billion package was announced, critics questioned the mechanisms to fund the economic recovery and dismissed it as pie in the sky. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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