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The Zimbabwe government will help businesses that had property damaged and goods looted during the January 2019 demonstrations to recover.

Implemented

The government helps businesses affected during the January 2019 demonstrations to recover.

ZoomZimbabwe

    

March 31, 2019

Most businesses, which had their property destroyed and goods looted during the ill-fated demonstrations that were organised by the opposition MDC-Alliance and some civic organisations in January have started accessing funding through Government’s Emergency Relief Loan Fund. Confederation of Zimbabwe Retailers president Mr Denford Mutashu said a number of retailers who applied for funding under the $30 million emergency relief facility had started receiving their allocations. Those wishing to replace equipment would be paying an interest rate of three percent (3%) per annum and have 12 to 24 months to repay, while those who lost their buildings will access funding at a concessionary rate of two percent (2%) per annum and have 10 to 15 years repayment period.