The government approved over K20.7 billion to a total of 1,041 enterprises from the second COVID-19 Fund. The remaining applications are being processed. The applications are screened in line with bank rules and procedures, according to a committee to remedy the economic impacts caused by the coronavirus pandemic.

The priority sectors for the second batch of COVID loan are agriculture and livestock enterprises, manufacturing businesses, import-substitution businesses, food and beverage businesses, oversea employment agencies, export and import businesses, and vocational schools.

Sources: Global New Light