By Communications Department
The Government under the Second Republic has put measures to incentivise local manufacturers in order to unlock growth and innovation. An Industrial Development Fund facility heavily laden with ZiG 100 million has been established by the Ministry of Industry and Commerce in partnership with the National Venture Capital Company of Zimbabwe to support existing large corporates engaged in manufacturing and value addition across the country’s ten provinces.
The target is to provide patient and concessionary capital at a considerate interest rate of 15% per annum for a tenure up to 36 months.
The Ministry is inviting applications from manufacturers to contact the National Venture Capital Company of Zimbabwe and be amongst those to be empowered and incentivised towards an empowered and prosperous upper middle income society by 2030.
For more information call the Fund Administrator on : 0242 709 325/ email: idf@nvccz.com , website: www.nvccz.com
