Zimbabwe's Finance Minister Mthuli Ncube gave Empower Bank a special boost. He granted the bank-prescribed asset status to help young entrepreneurs access more money. The move lets pension funds and other investors team up with the bank more easily. Empower Bank focuses on supporting youth-led businesses across urban, rural, and peri-urban areas. Their goal centers on creating jobs and helping small businesses grow.
The youth-focused bank offers various financial services, such as loans for agricultural projects and asset financing. President Mnangagwa launched the bank as part of a bigger plan to support young people. The ministry allocated Zimbabwe Gold (ZiG) 1 billion for 2025, with ZiG 200 million earmarked for vocational training...