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Tungwarara launches US$200 000 vendors support scheme

By Staff Reporter

PRESIDENTIAL Investment Adviser, Paul Tungwarara Monday unveiled a US$200 000 Vendors Scheme set to be rolled out across the countryโ€™s ten provinces.

The funding, Tungwarara said is  targeted at market traders, vendors and other informal business operators who often lack access to conventional financial services.

It is also a gesture  to โ€œrecognise the resilience of Zimbabweโ€™s informal economy and support it with tangible, interest-free financial resourcesโ€.

โ€œThis is not just about money. It is about transforming vendors into entrepreneurs and empowering families through sustainable income streams,โ€ Tungwarara said.

He said the funds would be administered in co-ordination with local authorities and vendor associations to ensure transparency and equitable distribution.

The scheme adds to a series of presidential empowerment programmes that have been unveiled in recent months targeting various interest groups, including war veterans.

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