Byo firms benefit from Dimaf

Ailing Bulawayo firms have been the major beneficiaries of the Distressed and Marginalised Areas Fund (Dimaf) that was set up primarily to resuscitate struggling companies, figures from CABS show.

Dimaf is a five-year collaborative facility between CABS’ parent company Old Mutual and the government.

At its inception last year, Old Mutual and the government agreed to provide $40 million as seed capital with both parties contributing $20 million.

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