Mthuli Ncube allocates $50m from 2% Electronic Transfer Tax towards Cyclone Idai

By Staff Writer | 19 Mar 2019 at 12:29hrs
Mthuli Ncube
The Minister of Finance has unveiled a $50 million bailout to combat the effects of Cyclone Idai that left a trail of destruction in Manicaland Province.

Announcing the fund Ministry of information said, "Treasury is disbursing $50 million for Emergency and Infrastructure Restoration. CPU - $3 million Roads Department- Trunk Roads and damaged bridges $25M Restoration of rural feeder roads & other structures $7.2 million Education - $4 million Health -$3 million Water & Sanitation - $4.8 Electricity- $1 million."

"The social impact of the 2% electronic transfer tax in action: the ministry of finance has released $50M for Emergency and Infrastructure Restoration following Cyclone Idai-induced floods destruction and infrastructural damage. The funds will go towards #CycloneIdai rescue efforts and rehabilitation of affected citizens and restoration of rural feeder roads and other structures. The funds have been allocated to The Civil Protection Unit, The Department of roads, Education, Health, Water and Sanitation, Electricity. We applaud the efforts of Zimbabwe citizens, companies, civic organisations, international partners in our collective effort and showing unwavering support to our fellow citizens suffering from the devastating force of #CycloneIdai. Working together we can win."

The Ministry also announced that the Zimbabwe National Army engineers have managed to create a detour at the previously impassable Mutare-Chipinge Road near Jopa. The development means that vehicles carrying aid can now pass through to reach the victims.

The hardest hit area has been named as Ngangu Township in Chimanimani. It is reported that most losses of life happened here. Over a hundred houses were damaged by mud-falls and rockfalls. This is followed by Rusitu Valley Community whose topography made it difficult for residents and property.

President Emmerson Mnangagwa declared a State of Disaster in affected areas.



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