The Minister of Youth, Sports, Arts and Recreation, Honorable Kirsty Coventry have today set-up a COVID-19 Relief Fund for Youth Led Businesses and Associations in the Capital.
Speaking to the Journalists today at now Chinengundu Mashayamombe building Honorable Kirsty said the Government established the ZW$17 Million relief fund to support youth -led businesses and associations and mitigate the effects of COVID-19 pandemic across the country.
“Government through the Ministry of Youth, Sport, Arts and Recreation has set up a ZW$17 Million Relief Fund to support the youth led businesses and associations and to mitigate the effects of COVID-19 on their operations across the country,” she reiterated.
She added that fund is expected to be given in grants will go a long way in rescuing different youth businesses through initiation of capacity building in complimenting the government programs on the current effects of lockdown.
“Fund which is being given as a grant is meant to; support youth enterprises affected by the coronavirus endemic, build capacity among registered youth organizations engaged in activities complementing the National Task Force relief efforts. Promoting innovativeness, value addition and/ or beneficiation among youth-run-enterprises and complimenting other relief initiatives by the government.”
The allocation funds will have an enhanced criteria encompassing documents showing Zimbabwe’s youth led enterprises existing for a period of at least six months to a year before lockdown, demonstrating the extend of how the enterprise impacted by the COVID-19 pandemic. Among other pertinent aspects in the criteria include local based citizenry of the applicants, aged between 18-35 years and the disbursement of funds will be availed to the qualifying beneficiaries in a once off payment.