Current Affairs
Government unleashes ZiG100 Million Industrial Development Fund
Itai Mazire
Zimbabwe has officially launched the “ZiG 100 million IDF facility available,” a bold initiative set to galvanizlse the nation’s manufacturing sector.
The Ministry of Industry and Commerce, in collaboration with the National Venture Capital Company of Zimbabwe (NVCCZ), has announced the immediate accessibility of this significant Industrial Development Fund (IDF).
Manufacturers are urged to contact the NVCCZ with immediately effect to seize this crucial opportunity for expansion and innovation.
The IDF, denominated in the nation’s stable ZiG currency, aims to provide crucial financial impetus to existing large-scale manufacturers across all ten provinces.
With a concessionary interest rate of 15 percent per annum and a generous tenure of up to 36 months, the fund is designed to offer patient capital, fostering long-term industrial development and value addition within the country.
“The Ministry advises stakeholders in the manufacturing sector that the Industrial Development Fund ZiG 100 million facility is available. Interested manufacturers must contact the National Venture Capital Company of Zimbabwe ,” said the Ministry in a statement.
This fund specifically targets large corporates employing at least 70 individuals and engaged in activities with high potential for import substitution, employment generation and value addition.
The allocated funds can be strategically utilized for a range of critical investments, encompassing the acquisition of new equipment and machinery, infrastructure development and modernisation, working capital requirements, and vital research and development and technology adoption initiatives.
Prospective applicants must be registered Zimbabwean companies, cooperatives, or partnerships actively involved in manufacturing or value addition.
Eligibility hinges on several key requirements, including the submission of a comprehensive business plan, audited financial statements for existing businesses, a demonstrated capacity for success, the provision of appropriate security and full compliance with all statutory and tax obligations.
Furthermore, a non-refundable facilitation fee of USD100 is required to accompany each application.
The NVCCZ, serving as the Fund Administrator, has outlined a streamlined application process.
“It is imperative to note that the submission deadline is 13 February 2026 at 1600hrs, and proof of payment for the facilitation fee is mandatory for all submissions, as incomplete applications will not be accepted.”
This initiative comes at a pivotal time for Zimbabwe, as the ZiG currency continues to demonstrate growing stability.
Recent reports indicate a strengthening of the ZiG against the US dollar, reflecting renewed confidence in the domestic currency
The IDF is expected to further bolster this economic momentum, driving the nation’s Vision 2030 agenda for sustained industrial growth and prosperity.
Current Affairs
Government Hails Muroodzi River Rehabilitation Pilot
By Itai Mazire
A high-level government delegation, led by Deputy Chief Secretary in the Office of the President and Cabinet, Engineer Amos Marawa, has praised the progress made on the pilot project of the Presidential River Rehabilitation Program at Muroodzi River in Mazowe.
The delegation, which included secretaries from various government departments, expressed satisfaction with the ongoing de-siltation and restoration efforts being carried out by Prevail Group of Companies, owned by Special Advisor to the President, Dr. Paul Tungwarara.
Engineer Marawa said the initiative is set to be rolled out nationwide.
“All provinces are working to identify degraded river sites so we can quantify the amount of rehabilitation work required,” he said.
“To kick-start this process, the government approved a pilot project, which was implemented at Muroodzi River in Mazowe.”
The project, which began last year, initially focused on a five-kilometre stretch of the river.

“We developed a rehabilitation plan in consultation with Prevail International, the company appointed for the work,” Eng. Marawa explained.
“They have already restored about three kilometres, starting with the most degraded section of the five-kilometre stretch. We are here to assess the quality of their work, and we are pleased with the progress in de-siltation and river restoration.”
Prevail International Project Manager, Simbarashe Makonese, outlined the challenges and solutions implemented.
“This site was heavily mined, with excessive silt in the river, unstable banks, and eroded riverside slopes. Our work has involved removing silt, stabilising degraded slopes, installing soil erosion control sheets, and rehabilitating the riverbanks,” he said.
Mrs. Tendai Sithole, Chief Executive Officer of Prevail International, highlighted the project’s achievements.
“We intentionally started with a five-kilometre stretch of Muroodzi River, and to date, three kilometres have been restored. Our work has restored irrigation, agricultural activities, and access to clean and safe water for communities along the river,” she said.
The Presidential River Rehabilitation Program is a key government initiative aimed at reversing extensive environmental damage caused by years of illegal and uncontrolled riverbed mining.
Such activities led to severe siltation, disrupted water flow, and negatively affected irrigation, agricultural productivity, and access to clean water for communities.
The government has banned riverbed mining through Cabinet resolutions, reinforced by Statutory Instrument 88 of 2024.
The Muroodzi River project serves as a prototype, demonstrating practical and sustainable methods for restoring degraded rivers and improving water flow. Once the model proves successful, plans are in place for a national rollout across all provinces.
Current Affairs
Chamisa Under Fire as High Court Is Asked to Probe CCC Finances
A Harare resident has petitioned the High Court, calling for former Citizens Coalition for Change (CCC) leader Nelson Chamisa to account for the party’s finances before establishing or registering any new political formation.
The applicant, Mr Talent Rusere, filed the application on Thursday, arguing that Mr Chamisa should not be permitted to launch another political entity without first ensuring a transparent handover of CCC affairs and a full audit of the party’s financial records.
In his court papers, Mr Rusere is requesting a comprehensive review of CCC assets and expenditures, including an armoured vehicle allegedly acquired for Mr Chamisa in 2021, as well as the management of both public and donor-funded resources.
He further argues that the audit should be conducted independently, certified by the Auditor-General, and formally acknowledged by the party’s current leadership.
The application also seeks an order compelling Mr Chamisa to submit a sworn financial statement within 21 days, outlining how party funds were handled during his time at the helm.
The matter is now awaiting consideration by the High Court.
Current Affairs
Minister Chadzamira Hands Over Starlink Kits to Junior Parliamentarians
Itai Mazire
In a pivotal move set to revolutionise education in Masvingo Province, the Minister of State for Provincial Affairs and Devolution, Hon. Ezra Chadzamira, handed over 35 Starlink kits to 35 Junior Parliamentarians at Victoria High School.
The initiative marks a significant step in the Government’s unwavering commitment to bridging the digital divide and nurturing a technologically advanced generation in line with Vision 2030.
The event showcased the national drive to integrate technology into the learning environment, ensuring that Zimbabwean students are equipped to meet the demands of the 21st century. This vision has been consistently championed by the Minister of Primary and Secondary Education, Professor Torerayi Moyo.
“Connectivity is no longer a luxury; it is a necessity for learning in the 21st century,” said Professor Moyo.
“We are building an education system that is inclusive, modern and future-ready. By investing in connectivity, we are investing in the dreams of our children, the strength of our communities, and the prosperity of our nation,” he added.
Minister Chadzamira echoed these sentiments, highlighting the transformative potential of the Starlink kits.
“This gesture is more than just the distribution of equipment; it is a powerful symbol of our commitment to bridging the digital divide and empowering the next generation of leaders,” he said.
He also outlined ambitious plans for the province.
“My office intends to roll out this initiative across the entire province to create a technologically savvy generation in line with Vision 2030,” said Hon. Chadzamira.
The Junior Parliamentarians, now equipped with high-speed internet access, are expected to use the technology to enhance their learning and to serve as digital ambassadors within their respective schools and communities.
This strategic distribution forms part of a broader Government programme to connect schools nationwide, ensuring that every learner, regardless of geographical location, has access to global knowledge and resources.
The Government’s proactive approach underscores its commitment to building a future-ready education system and advancing Zimbabwe’s national development goals.
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