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Empower Bank to dole out loans to 40 000 youths
28 May 2017 at 03:17hrs | Views
Close to 40 000 young entrepreneurs have been earmarked to get loans from the newly formed Empower Bank.
President Robert Mugabe's daughter, Bona is among the board members.
According to Mugabe's nephew Patrick Zhuwao, who is also the Indigenisation and Economic Empowerment Minister, $2.5 million has been set aside.
"Government through Treasury has already availed US$2,5 million for the establishment of the bank, and we have appointed the board of directors." he told the Sunday Mail.
"We have submitted the necessary paperwork to the Central Bank and are hopeful that we will be given the licence very soon.
"We are now taking it a step further and Empower Bank will exist as a second level financing platform".
President Robert Mugabe's daughter, Bona is among the board members.
According to Mugabe's nephew Patrick Zhuwao, who is also the Indigenisation and Economic Empowerment Minister, $2.5 million has been set aside.
"We have submitted the necessary paperwork to the Central Bank and are hopeful that we will be given the licence very soon.
"We are now taking it a step further and Empower Bank will exist as a second level financing platform".
Source - Sunday Mail
