The government has received US$1,5 million from the African Development Bank (AfDB) for self empowerment and self reliance projects to vulnerable groups of the society.
Driven by the need to uplift the lives of vulnerable communities in the country such as refugees, the government has partnered with the AfDB with a US$1,5 million support project to improve the living standards of these communities.
Speaking at the signing ceremony in Harare today (Monday), the Minister of Finance and Economic Development, Professor Mthuli Ncube said this marks the beginning of the government’s drive for the betterment of marginalised groups of society.
“The project will start with helping refugees who are at the Tongogara refugee camp to transform their lives by providing startup capital. This is the government’s determination towards improving the lives of all Zimbabweans.
The project is known as the Innovative Solutions to Support Livelihood of Vulnerable Communities Project and will provide enablers for self reliance through training and financing for start up for small scale enterprises.
AfDB Country Manager, Mr Damoni Kitabire said the continental lender will upscale its support to Zimbabwe going forward.
“The relationship between Zimbabwe and AfDB will be strengthened going forward especially as the country begins to rebuild its economy. More projects will be announced in the future in order to grow the economy,” he said.
This new project adds to other existing projects that AfDB is undertaking in Zimbabwe which include the Zimbabwe Integrated Urban Water Management and the Bulawayo Water and Sewerage Services Improvement Project.