Youth empowerment drive targets 5000 young people-led businesses

By Theophilus Chuma

Zimbabwe’s youth empowerment drive is heading for exciting times supported by a new phase targeting to support five thousand youth-led businesses.

The initiative driven under the ambit of newly formed Youth Economic Forum, targets to broaden the youth empowerment net to include rural youth.

Sustainable projects that will result in high turnover are being given the first priority

“We have IT, renewable energy, and agriculture among the key areas. We will be looking at. We want to push for the empowerment of the rural youths so that they can partake in the financial inclusion matrix of the country,” said Youth Economic Forum president Ruvimbo Nyakazeya.

The vision goes beyond the local market with future ventures earmarked for the region.

Youth Economic Forum Executive Chair Simbarashe Gwenzi said: “We want to grow into as many markets as possible within the next five years. This is why we are looking at a number of around one hundred thousand youths within the next 5 years.”

Youth empowerment is a priority for government with revelations that at least six thousand young people have so far been supported through the Youth EmpowerBank.

“The rollover of the projects continues as we seek to ensure a broad-based macro-economic development within the key segments of the economy,” Youth EmpowerBank Acting CEO Shadreck Mhembere said.

Harnessing the youth dividend is leading the narrative as youths are pivoted as a vital cog for economic growth.

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