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By Nick Muneni Kayange
Zomba, April 19, Mana: National Economic Empowerment Fund (NEEF) says it has released K2.9 billion under the National Economic Empowerment program from February to date.
NEEF Public Relations Officer, Whytone Kapasule, said in an interview on Monday that over 1,429 groups; 443 youth groups, 915 women and 71 others have so far benefited from the fund.
“From these groups, a total of 4,430 individuals have already benefitted representing 31 percent. But let me also stress that NEEF is planning to disburse the initial K5 billion by mid-May, 2021,” said Kapasule.
The publicist said the organization is fully aware of the demand from people to have the funds but said processes were at an advanced stage and applicants would get their money soon.
The National Economic Empowerment Fund (Neef), formerly Malawi Enterprise Development Fund (Medf), says it has released K2.9 billion under the National Economic Empowerment program from February to date.
Neef chief executive officer Humphrey Mdyetseni: The fund has between February and March disbursed togroups e–Photo by Watipaso Mzungu, Nyasa Times
NEEF Public Relations Officer, Whytone Kapasule, said in an interview on Monday that over 1,429 groups; 443 youth groups, 915 women and 71 others have so far benefited from the fund.
“From these groups, a total of 4,430 individuals have already benefitted representing 31 percent. But let me also stress that NEEF is planning to disburse the initial K5 billion by mid-May, 2021,” said Kapasule.