Connect with us

Hi, what are you looking for?

BUSINESS NEWS

Government Disburses ZiG$516.4 Million to Boost Local Infrastructure

Police Baffled by Security Breaches at Deputy Finance Minister David Mnangagwa's Home

The Zimbabwean government has released ZiG$516.4 million to local authorities to support infrastructure development and the purchase of essential equipment under its ongoing devolution programme.

This was revealed by Deputy Minister of Finance, Economic Development and Investment Promotion, David Mnangagwa, during a parliamentary session where he responded to questions from lawmakers.

Mnangagwa explained that the funding is aimed at enhancing service delivery at the local level by financing projects related to social infrastructure and helping councils acquire the tools and equipment they need.

“So far, ZiG$516.4 million has been channelled to different local authorities to support social infrastructure development and equipment procurement,” he said.

While the Treasury is committed to releasing funds on a quarterly basis in accordance with the Zimbabwe Inter-governmental Fiscal Transfer Systems Administrative Manual, Mnangagwa emphasized that coordination between central and local government is vital for the effective rollout of projects.

Advertisement. Scroll to continue reading.

“There is a need for local authorities to actively engage with both the line ministry and Treasury to align cash flow disbursements with their project implementation schedules,” he noted. “This ensures that targeted initiatives are completed on time and resources are used effectively.”

He added that the delays or limits in funding were partly due to competing national priorities, including major projects such as road infrastructure development, which also require significant financial support from the government.

Join Our WhatsApp Channel - https://whatsapp.com/channel/0029VayakkT60eBljXo25N2V

For comments, Feedback and Opinions do get in touch with our editor on WhatsApp: +44 7949 297606.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Catch More Updates Below

BUSINESS NEWS

The Government has launched a new Industrial Development Fund (IDF) with an initial capital of ZiG100 million, aimed at providing crucial support to the...

LOCAL NEWS

Harare, Zimbabwe – The government has acknowledged the difficult working and living conditions faced by Zimbabwe’s healthcare workers, including doctors and nurses, many of...

LOCAL NEWS

A legal battle unfolding at the High Court of Zimbabwe has revealed serious claims of fraudulent land dealings involving the Ministry of Local Government...

LOCAL NEWS

The Government has expressed its appreciation for the Church’s role in nation-building, including its criticism of certain policies. However, it has found it difficult...

LOCAL NEWS

Elon Musk is facing significant legal challenges regarding his involvement in the US government. Democratic state officials and federal employees have filed lawsuits alleging...

LOCAL NEWS

Harare, Zimbabwe | In yet another jaw-dropping revelation, flamboyant businessman Wicknell Chivayo has once again become the center of controversy. Reports reveal that Chivayo,...

BUSINESS NEWS

The Government has announced an extension to the deadline for destroying tobacco seedbeds for the 2024/25 summer cropping season, moving it from December 31...

BUSINESS NEWS

The Zimbabwean government is working to enhance loan accessibility for women through the Zimbabwe Women’s Microfinance Bank (ZWMB) by introducing loan guarantees. This is...

Advertisement