“The Youth Development Fund is a revolving facility and as such the youth are expected to pay back the loans so that others can use same,” Zimbabwe’s Minister of Youth, Indigenisation and Economic Empowerment said on Twitter.
“How and where is this revolving fund being distributed? Is this not a campaign gimmick? Who has benefited?” Tinashe Nyaruwanga asked the Minister.
The Minister replied that the Youth Fund is administered by CABS Stanbic Allied IDBZ and CBZ and will soon publish the total amounts.
Asked how one accesses the Fund, the Minister said “please contact Mr Sigobodhla on 04-707741 with your business proposal.”