Vice President Emmerson Mnangagwa has urged all Zimbabweans including the youth to come up with viable projects because financial institutions have more that $9 billion to distribute. According to Mnangagwa, banks are failing to give out the money due to the fact that there are no viable projects being proposed. He also slammed people who mourn about the lack of employment saying that the government is ready to support their projects financially if the want to employ themselves.
Speaking at a public lecture on Command Agriculture at the Midlands State University, Mnangagwa said:
We have over $9 billion, which is just sitting and is not being used. We have talked to the financial services sector to release these funds to circulate in the economy but they can only release such funds they are keeping if there are programmes
We want to support viable programmes especially coming from the youth to support import substitution under the Buy Zimbabwe initiative. We are not saying you should have money but you should have a solid proposal and then we finance the programm
So it’s either you choose to be employed and you choose to employ. If you choose to employ you come with a project and we will finance you and if you choose to be employed, sit around until someone has a project and they will employ you
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