Zimbabwe Launches New Fund to Support Priority Sectors
12:03 23.09.2025 (Updated: 12:04 23.09.2025)
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Zimbabwe Launches New Fund to Support Priority Sectors
The Government has launched a $3.7M Industrial Development Fund (IDF) to boost high-growth value chains in manufacturing, Industry and Commerce Minister Mangaliso Ndlovu said.
Priority sectors include agriculture, pharmaceuticals, engineering, transport, and recycling.
The fund is designed to:
🟠 provide patient capital to support value addition;
🟠 promote import substitution;
🟠 create jobs.
The IDF replaces the role once played by the Industrial Development Corporation, now under the Mutapa Investment Fund.
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