Zimbabwe Miners Federation (ZMF) have applauded efforts by the Reserve Bank of Zimbabwe (RBZ) and Fidelity Printers and Refineries (FPR) to capitalise small scale miners in Zimbabwe.
ZMF said the loan scheme from the RBZ and trainings from Fidelity printers have assisted small scale miners who are inexperienced and with little funding.
Speaking to Zim Morning Post the ZMF General Council Chairperson Makumba Nyenje said the support from the two organisations has helped the small scale miners who were not operating in full capacity for a very long time.
He further said:“the support will go a long way to make sure the 2030 vision of a US$ 12 billion mining industry is achieved without failure.”
Small scale miners have contributed enomoursly to the country’s economy and major the continued support will help improve the industry.
Government through its Gold Development Initiative Fund (GDIF) injected US $150 million to the mining industry and almost US$ 120 million has so far been disbursed to the beneficiaries.
The GDIF fund was launched by president Emmerson Mnangagwa in 2018.
Currently ZMF is working with Fredrick Kunaka of FPR, Mathew Chidavaenzi of GDIF and Precious Moyo from the Women in Mining Development to make sure the miners receive enough training and the funds are disbursed to the right beneficiaries.
