The Zimbabwe Government released $10 million into the Emergency Business Relief Fund. The money is aimed at helping companies that faced looting and destruction caused by MDC-Alliance thugs in January.
The Emergency Business Relief Fund will rescue for businesses whose enterprises were ruined by the violent protests. $4,9 million has been already been released allowing victims of the attacks to restock to resume operations.
During a post-Cabinet Press briefing Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa confirmed the news.
“So far, a tranche of $10 million out of the $30 million earmarked for the programme has been disbursed into the loan fund account.”
The criteria used to disburse the loans to affected beneficiaries include, cash payments made directly to suppliers of products, wholesalers or producers, with draw-downs accompanied by invoices or receipts. The affected businesses would are also requested to submit lists of their major suppliers.
The total value of stocks looted, and damages to property and equipment belonging to the affected businesses is $24 494 771. The violent demonstrations mainly affected Bulawayo industries, with a huge number of the businesses either looted or destroyed or both.