The Zimbabwean Ministry of Industry and International Trade last Monday released US$250 million for disbursement to small and medium scale enterprises.
The money, an initial tranche of funds for the SME revolving fund, is part of the US$2 billion set aside by the Government in last year's budget for small enterprises, has been released to the Small Enterprises Development Corporation (Sedco).
"The first tranche of US$250 million has now been released and those wishing to have loans for their projects should submit their proposals to Sedco for consideration," the permanent secretary in the Ministry of Industry and International Trade, Mr Stuart Comberbach, said last Monday.
The maximum loan size had now been increased from US$5 million to US$15 million and greater priority would be given to the manufacturing and value adding services like, mining and tourism industries.
