Only 58 Bulawayo companies to benefit from the $48 million fund

Only 58 Bulawayo companies to benefit from the $48 million fund
Published: 25 January 2012 (1012 Views)
THE Government has shortlisted 58 Bulawayo companies to benefit from the $40 million under the Distressed Industries and Marginalised Areas Fund (Dimaf), an official said yesterday.

In a telephone interview from Harare, the director of Enterprise Development in the Ministry of Industry and Commerce, Mr Stanslaus Mangoma, said the companies were selected last year by the  taskforce team on the "Let Bulawayo Survive" campaign.

He, however, could not give the names of the companies, saying that information was confidential.

"We have submitted the names of 58 companies from different sectors of industry to CABS for them to access funding. These companies were identified last year by the taskforce team," said Mr Mangoma.

Last week Industry and Commerce Minister Professor Welshman Ncube announced that the Government had approved the disbursement of Dimaf and his office had already submitted the list of companies to CABS.

CABS is the Government's agent in the disbursement of the fund.

Prof Ncube said the revival of the city's ailing companies was certain. He quashed sentiments that the fund had been thrown into doubt.

Prof Ncube said his ministry communicated the development to the beneficiaries adding that the issue was now between the companies and the bank.

- TC

Tags: Benefit, Companies,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Econet under fire over business deal

by Staff reporter | 24 April 2018 | 23 Views

'Why EDiots say EDenezer'

by Staffr eporter | 24 April 2018 | 32 Views

Lloyd Mutasa hangs on

by Staff reporter | 24 April 2018 | 19 Views

Thomas Mapfumo shocked

by Staff reporter | 24 April 2018 | 23 Views

Zimbabwe - UK relations move to another level

by Staff reporter | 24 April 2018 | 17 Views

NetOne shops extend operating hours

by Staff reporter | 24 April 2018 | 15 Views

Of Robin Vela, NSSA and media spats

by Staff reporter | 24 April 2018 | 16 Views

Aspiring Zanu-PF MPs get nod to campaign

by Staff reporter | 24 April 2018 | 17 Views

Chitembwe happy with his project

by Staff reporter | 24 April 2018 | 14 Views

Mnangagwa targets 50 dams

by Staffr eporter | 24 April 2018 | 18 Views

Dubious Zim ref rejects bribery attempt

by Staff reporter | 24 April 2018 | 13 Views

Bosso test Ngezi pedigree

by Staff reporter | 24 April 2018 | 11 Views

Construction of new hotel in Vic Falls to start soon

by Staff reporter | 24 April 2018 | 14 Views

'Councils have 40-year infrastructure gap'

by Staff reporter | 24 April 2018 | 17 Views

Ngezi, Bosso maintain fine run

by Staff reporter | 24 April 2018 | 12 Views

TelOne sets up research lab at Nust

by Staff reporter | 24 April 2018 | 18 Views

WATCH: Donel Mangena performs for Queen Elizabeth

by Staff reporter | 24 April 2018 | 9 Views

Ex-Miss Zimbabwe Bongani Dhlakama is pregnant!

by Staff reporter | 24 April 2018 | 20 Views

New dispensation stabilises prices, claims Bimha

by Staff reporter | 24 April 2018 | 14 Views

'Zimbabwe is open for business'

by President Emmerson Mnangagwa | 24 April 2018 | 15 Views

Woman demands $15 000 lump sum upkeep

by Staff reporter | 24 April 2018 | 15 Views

Zim experts lead ground breaking HIV study

by Staff reporter | 24 April 2018 | 14 Views

Man commits suicide over $40

by Staff reporter | 24 April 2018 | 18 Views

Mine collapse victims named

by Staff reporter | 24 April 2018 | 18 Views

Police dark era must remain in the past

by Staff reporter | 24 April 2018 | 17 Views

Chamisa re-ignites Manicaland opposition flame

by Staff reporter | 24 April 2018 | 15 Views

Khupe defends MDC-T candidate list

by Staff reporter | 24 April 2018 | 10 Views

Auxilia Mnangagwaa endorses Charumbira for PAP job

by Staff reporter | 24 April 2018 | 7 Views

Chief Musarurwa shoots relative

by Staff reporter | 24 April 2018 | 9 Views

MRP gives Khupe a tongue-lashing

by Staff reporter | 24 April 2018 | 9 Views

Madinda salutes Bosso's 12th man

by Staff reporter | 24 April 2018 | 8 Views

Gwanda university students demonstrate

by Staff reporter | 24 April 2018 | 10 Views

Wicknell Chivayo back at solar project site

by Staff reporter | 24 April 2018 | 12 Views

Police had turned partisan, says Charamba

by Staff reporter | 24 April 2018 | 9 Views

Villagers defy riot police

by Staff reporter | 24 April 2018 | 10 Views

Mahofa daughter eyes late mother's Parly seat

by Staff reporter | 24 April 2018 | 9 Views

Elias Musakwa tries his luck again

by Staff reporter | 24 April 2018 | 12 Views

Mujuru dumps mass rallies, goes low key

by Staff reporter | 24 April 2018 | 12 Views