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Tag Archives: CABS

Youth fund beneficiaries must repay loans:Nhema

Youth fund beneficiaries must repay loans:Nhema

Minister of Youth, Indigenisation and Economic Empowerment, Francis Nhema and his deputy, Mathias Tongofa have demanded beneficiaries of the $10 million youth fund, known as Kurera or Ukondla to pay back the loans. The fund was accessed through CABS bank and was set up in ... Read More »

Dimaf allocation exhausted, more funds to be availed

Dimaf allocation exhausted, more funds to be availed

The Distressed Industries and Marginalised Fund (Dimaf) has been exhausted as CABS, the fund administrator, has approved and disbursed money totalling over $40 million with beneficiaries reporting to be making positive progress. Even so, Dimaf, is set to continue running since it is a revolving ... Read More »

DIMAF Beneficiaries List

A local weekly has published the list of distressed areas and marginalised areas fund (DIMAF) beneficiaries. The $50 million fund was initially established to help ailing Bulawayo firms stabilise as said by industry and commerce minister Professor Welshman Ncube but companies from other towns appear on the list. Speaking to ... Read More »

Kasukuwere's "economic upliftment" drive dismissed as political grandstanding

Mthwakazi Youth Leaders Joint Resolution has dismissed Youth Development minister Saviour Kasukuwere’s sudden interest in the economic upliftment of local youths as a political campaign. Kasukuwere has been in Bulawayo to meet local youths twice in two weeks. Resolution spokesperson Mqondisi Moyo told Radio Dialogue that according ... Read More »

Bulawayo youths call for easy access to youth fund

Bulawayo youths today Monday called on the ministry of youth development, indigenisation and economic empowerment to ease the application procedures for youth funds. The ministry is currently assisting youths set up businesses through a fund managed by CABS. Speaking at a meeting between city youths ... Read More »