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Government unleashes ZiG100 Million Industrial Development Fund

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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.

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Current Affairs

POTRAZ Q4 Report Highlights NetOne’s Strong Digital Growth and Rural Connectivity Expansion

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Engineer Raphael Mushanawani

The latest Fourth Quarter 2025 Postal and Telecommunications Sector Performance Report released by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has highlighted NetOne⁠’s growing role in driving Zimbabwe’s digital transformation through infrastructure expansion, rising data usage and improved rural connectivity.

According to the report, NetOne recorded significant growth in mobile internet and data traffic during the final quarter of 2025, with usage increasing by 18.50 percent from 25.29 billion megabytes in the third quarter to 29.97 billion megabytes in Q4.

The growth also resulted in a 1.14 percentage point increase in the operator’s mobile internet and data traffic market share, strengthening NetOne’s competitiveness in the country’s fast-growing digital communications sector.

The report further noted growth in NetOne’s active subscriber base, which rose from 4,062,894 subscribers to 4,101,492 during the quarter, reflecting continued customer confidence in the operator’s services and digital products.

POTRAZ acknowledged the company’s continued investment in network infrastructure, particularly in expanding broadband access across the country.

“NetOne continued to make strides particularly in 3G and LTE deployments, to expand its network coverage,” the report stated.

During the quarter, the operator added 89 LTE base stations while increasing its 5G sites from 21 to 26 as part of efforts to improve connectivity and digital inclusion.

The report also identified NetOne as a major contributor to rural telecommunications infrastructure, revealing that the operator now controls 46.14 percent of Zimbabwe’s rural base stations.

The expansion of rural connectivity is helping bridge the digital divide by improving access to online learning, financial services, healthcare information and digital commerce opportunities in underserved communities.

Under the leadership of Group Chief Executive Officer Raphael Mushanawani, the company has continued repositioning itself as a modern digital services provider focused on innovation, accountability and customer-centred solutions.

Commenting on the latest sector performance results, Engineer Mushanawani said the company remained committed to inclusive national development through digital connectivity.

“These results affirm our commitment to connecting communities, empowering businesses and accelerating Zimbabwe’s digital transformation through resilient and accessible network infrastructure,” said Engineer Mushanawani.

NetOne has also expanded customer-focused services through affordable broadband packages, improved OneMoney solutions and data bundles designed for students, entrepreneurs and rural communities.

Beyond telecommunications services, the company has intensified its corporate social responsibility programmes, including borehole drilling initiatives, support for schools through digital learning tools and partnerships with healthcare institutions on community wellness programmes.

The operator’s commitment to diversity was also reflected in its workforce, with women accounting for 436 out of its 1,045 employees.

In recognition of his leadership and contribution to Zimbabwe’s telecommunications industry, Engineer Mushanawani was recently inducted into the prestigious Business Leaders Hall of Fame 2026.

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Current Affairs

Minister Masuka Defends BIPPA Farm Returns, Says Land Reform Remains Irreversible

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The Government has dismissed claims that the return of 67 farms protected under Bilateral Investment Promotion and Protection Agreements (BIPPA) marks a reversal of Zimbabwe’s land reform programme, with authorities stressing that the move is part of resolving legal obligations and strengthening the country’s land tenure framework.

Acting Leader of Government Business in Parliament, Minister of Agriculture, Mechanization and water resource Dr Anxious Masuka, on Wednesday directly addressed the misconception, explaining that the return of BIPPA properties is a narrowly defined legal and constitutional obligation not a policy shift back to the pre-2000 era.

“The BIPPA process is about settling outstanding legal claims and compensating investments protected by bilateral treaties, it does not open the floodgates for the return of all former white farms, the land reform programme remains irreversible,” he said.

The Minister confirmed that while 67 properties covered under BIPPA will be returned to their previous owners, this represents a fraction of the total land under the programme and is being done strictly within the framework of Zimbabwean law and international investment obligations.

The development comes at a time when the government is simultaneously granting secure tenure to a staggering 450,000 black farmers under President Emmerson Mnangagwa’s administration.

According to the Minister, in terms of the Constitution Sections 289, 293, and 295, the government will provide permits, leases, and offer letters to 360,000 A1 farmers 23,500 A2 farmers Over 70,000 old resettlement farmers.

In addition to these, the government is correcting historical and administrative errors that have fuelled the reversal myth. Authorities are returning 840 farms that were wrongly gazetted but which rightfully belong to black farmers.

In another move that reinforces the government’s commitment to indigenous ownership, some 10,000 Matenganyika farms whose beneficiaries were given leases before 1980 will now finally receive title deeds.

For the 409 former farm owners who have remained on their properties due to long-standing peaceful co-existence with new owners, the government has crafted a specific solution that stops short of outright reversal. These individuals will now be allowed to purchase the properties they occupy.

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Current Affairs

El Niño Threat Looms

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Itai Mazire

Zimbabwe faces a high probability of a looming El Niño event during the 2026/27 rainy season, with forecasts indicating a significant chance of below-normal rainfall.

The Meteorological Services Department (MSD) has issued a preliminary update, urging calm but emphasising the need for proactive measures.

Global climate forecasting centers predict an 88 to 94 percent chance of an El Niño event, historically linked to drier-than-average conditions in Zimbabwe.

“Historically, El Niño conditions in Zimbabwe carry a 65 percent chance of below-normal rainfall, which can lead to drier-than-average conditions.”

Despite the concerning outlook, the MSD cautions against premature decisions.

They said that early forecasts face a “spring predictability barrier,” meaning atmospheric and oceanic conditions could still change significantly before the season begins.

Consequently, the department has not yet released its official seasonal forecast.

“Because of this inherent uncertainty, the MSD has not yet issued its official seasonal forecast and warns the public and stakeholders against making final agricultural or financial decisions based solely on these preliminary models,” the statement read.

A more definitive national outlook (NACOF) is anticipated in August 2026, following the Southern African Development Community (SADC) Climate Outlook Forum (SARCOF).

In the interim, the MSD is advising both the public and the farming community to remain composed.

They recommend continuing with standard preparations for the upcoming season and adopting climate-resilient practices.

These practices include water conservation and the identification of drought-tolerant seed varieties.

The MSD further encouraged stakeholders to stay informed through official channels.

“Stakeholders are encouraged to stay informed exclusively through official MSD channels for regular updates as the weather outlook becomes clearer in the months ahead.”

The upcoming NACOF report will incorporate more recent data, providing crucial scientific guidance for accurate seasonal planning.

The MSD will continue to monitor updates closely.

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