President Emmerson Mnangagwa is today set to launch a Youth Empowerment Bank and also meet tertiary students to discuss challenges they face.

The President will first officially open the youth bank at Tendeseka Office Park in Eastlea, Harare, before proceeding to Celebration Centre in Borrowdale to launch it.

He would then address the students at the Harare International Conference Centre.

Government has set aside $12 million for the establishment of the young people’s financial institution. Youth, Sport, Arts and Recreation Minister Kazembe Kazembe yesterday said all was set for the two events.

“Our youths are academically empowered and all they have been waiting for is an opportunity to be financially capacitated so that they can showcase what they are capable of doing and contribute to this country in view of the President’s 2030 vision,” said Kazembe.

Kazembe said youths representatives from across sectors, corporates and technocrats would be part of today’s proceedings.

The empowerment bank will only release money to suppliers of equipment and implement that the applicants want to acquire using the loans.

The Government last week opened the Women’s Bank.