Business / Economy
Zimbabwe moves to activate African Development Bank grant
23 Sep 2014 at 02:20hrs | Views
The Zimbabwean government has requested the services of consultants to develop an indicators manual and a development report as it moves to activate a youth grant from the African Development Bank (AfDB).
In January, AfDB gave Zimbabwe a $4,1 million grant under the Youth and Tourism Enhancement Project meant to contribute to reducing poverty and youth unemployment.
AfDB said it was giving the country "greater financial latitude for developing tourism and youth services, particularly small and medium-sized businesses that are run by youths in Zimbabwe's 10 provinces".
In a notice on Sunday, the Ministry of Finance and Economic Development said it intended to apply part of the agreed amount for this grant to payments under the contract for consultancy services to develop a youth development indicator manual.
The estimated period of execution will be 45 days and work is expected to start in October. Expression of interest must be submitted by October 8.
In January, AfDB gave Zimbabwe a $4,1 million grant under the Youth and Tourism Enhancement Project meant to contribute to reducing poverty and youth unemployment.
AfDB said it was giving the country "greater financial latitude for developing tourism and youth services, particularly small and medium-sized businesses that are run by youths in Zimbabwe's 10 provinces".
In a notice on Sunday, the Ministry of Finance and Economic Development said it intended to apply part of the agreed amount for this grant to payments under the contract for consultancy services to develop a youth development indicator manual.
The estimated period of execution will be 45 days and work is expected to start in October. Expression of interest must be submitted by October 8.
Source - newsday
