Zimbabwe moves to activate African Development Bank grant

via Zimbabwe moves to activate African Development Bank grant 23 September 2014

The Zimbabwean government has requested the services of consultants to develop an indicators manual and a development report as it moves to activate a youth grant from the African Development Bank (AfDB).

In January, AfDB gave Zimbabwe a $4,1 million grant under the Youth and Tourism Enhancement Project meant to contribute to reducing poverty and youth unemployment.

AfDB said it was giving the country “greater financial latitude for developing tourism and youth services, particularly small and medium-sized businesses that are run by youths in Zimbabwe’s 10 provinces”.

In a notice on Sunday, the Ministry of Finance and Economic Development said it intended to apply part of the agreed amount for this grant to payments under the contract for consultancy services to develop a youth development indicator manual.

“The services included under this project are to develop a manual on youth development indicators including formulae, data collection and analysis methodologies and to facilitate a two-day validation workshop,” Treasury said.

The estimated period of execution will be 45 days and work is expected to start in October.

Treasury also said it was looking for consultancy services in the development of a youth development report.

“The services included under this project are: to collect and review available publications on youth and identify key gaps in the information base, carry out additional research papers and final Zimbabwe Youth Development Report.

“The consultant will also facilitate a workshop to disseminate the report findings and produce a series of policy briefs from the report findings,” it said.
The estimated period of execution will be 45 days and work is expected to start in October.

Expression of interest must be submitted by October 8.

Despite constituting a huge chunk of the population, many youths find themselves out of formal employment as companies are cutting jobs to stay afloat in a volatile environment hamstrung by the liquidity constraints.

In his 2014 National Budget presentation, Finance and Economic Development minister Patrick Chinamasa said the finalisation of the Youth Economic Empowerment Policy Framework remained a priority in championing participation of youths in income-generating projects across all sectors of the economy.

He said the implementation of the policy would be within the context of the small to medium enterprises development strategy.

COMMENTS

WORDPRESS: 3
  • comment-avatar

    Sounds like Zim is about to take another $4.1M from AfDB to hire some ZANU-PF “consultants” to tell the country how to spend money to get those “lazy” youth to start businesses.

    If they want to create job opportunities for youth, then they should open up the economy to competition, repeal the indiginization law, encourage foreign investment and lead by example. Teach the youth that they will get ahead through hard work, not by stealing someone else’s company and running it into the ground.

  • comment-avatar

    Kikikikikikikikiki in ha-ha-ha-ha-ha-ha-ha-rare !!!!!!!!!!!!!!!!!!!!”!”

  • comment-avatar
    Mlimo 7 years ago

    Search the web and you’ll see photos of our highly productive ministers and cohorts splashing out on new suits in New York while supposedly attending theUN summit. This is tax payers money wasted. This grant is only so they can avail themselves of more defrauded money. Really good move deeper and deeper into debt.