President Launches the Presidential Youth Empowerment Scheme.

By Staff Reporter

Today, Zimbabwe President His Excellency Dr. E.D Mnangagwa launched the Presidential Youth Empowerment Scheme under the theme; “Fuel Youth: Ignite the future.”

In his statement, the President said the scheme was initiated as a result of the issues raised by the youth across the country.

“As we march forward to realise Vision
2030, no one and no place will be left behind, regardless of age, gender or where one lives.
The aspirations and hopes of all the youth of our country, from Plumtree to Mutare and Chirundu to Beitbridge, form the bedrock, foundation and main pillars of the projects and initiatives that will commence under the Presidential Youth Empowerment Scheme,”

Following the establishment of youth desks in Government ministries and the ongoing quest to ensure a conducive ease of doing business
environment for the youth, the government launched a US$2 million Presidential Youth Empowerment Revolving Fund that is earmarked to fund youth income-generating projects. Another US$5 million Presidential Youth Mining Equipment Scheme for our young artisanal miners was also launched.

These two initiatives are regarded as sustainable Fund which seeks to benefit the majority of the country’s youth.

The President added that the US$2 million Fund must not be taken as a free hand-out but administered as a revolving one that issues loans that are paid back for the benefit of many more people afterward.

As these programmes unfold, the Youth League national structures will be capacitated to offer technical assistance, as well as monitor and evaluate the progress of these schemes for sustainability.