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.