The Ministry of Industry and Commerce has unveiled a ZWG$100 million Industrial Development Fund aimed at strengthening domestic value chains and accelerating Zimbabwe’s industrial growth.
The facility, to be administered by the National Venture Capital Company of Zimbabwe, is designed to provide patient, concessionary capital to existing manufacturing firms seeking to expand, retool, or innovate. The Ministry is inviting bankable applications from qualifying companies across all ten provinces.
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According to the Ministry, the fund targets corporates involved in manufacturing or value-adding activities, with priority given to projects that reinforce value chains and foster breakthrough innovations that support the country’s industrialisation drive.
Beneficiaries will be able to utilise the IDF for the acquisition of new equipment and machinery, infrastructure development and modernisation, working capital requirements, as well as research and development, including technology adoption.
To qualify, applicants must be registered Zimbabwean companies, cooperatives, or partnerships operating in manufacturing or value addition. They are required to submit a comprehensive and bankable business plan and provide audited financial statements if they are already in operation.
Applicants must also demonstrate capacity for successful implementation and provide appropriate security, while remaining fully compliant with statutory and tax obligations.
A non-refundable facilitation fee of US$100 is payable upon application.
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