Up to 17 people are said to have been killed during the anti-government protests which turned violent but several businesses were also looted and property destroyed during the disturbances.
Bulawayo was the worst affected city in terms of looting.
Industry and Commerce Minister Mangaliso Ndlovu said the loans will be at a very low 2 to 4 percent interest.
“Cabinet approved the fund, which is known as the Business Emergency Relief Fund. Business that suffered losses in the violent incidents will receive loans at very low rates of 2 percent to 4 percent. The loans also cover those that not only want to restock or rebuild their businesses, but also those who seek to buy new equipment that might have been lost during those disturbances,” he said according to the Sunday Mail.
Ndlovu also said the government was working on a plan to provide the nation with affordable basic commodities within two months.
The programme will kick off in the rural areas before moving to urban centres.
(101 VIEWS)
This post was last modified on February 24, 2019 7:12 am
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…
The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…
Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…
The United States lost its place as the most influential global power in Africa last…
The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…
The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…