Residents demand stake in Dimaf

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The Zimbabwe Unemployed People’s Association (Zupa) has urged government to allow Bulawayo residents to administer the $40 million rescue package set aside for distressed city firms.

Zupa warned the programme could collapse if left to government bureaucrats. Innocent Ndibali, the president of the association, told NewsDay that Bulawayo residents were better placed to identify would-be beneficiaries and administer disbursement of the funds.

“Bulawayo has people who are willing and capable of implementing a successful programme of recovery for the city given the resource,” he said. Government has set aside $40 million to rescue an estimated 60 companies reportedly in dire straits in Bulawayo.

The fund is being administered by CABS in consultation with an eight-member Cabinet taskforce headed by Industry and Commerce minister Welshman Ncube.

Ncube recently revealed only three companies had so far benefited from the fund, with the majority reportedly failing to meet the selection criteria