Government has reopened applications for the ZiG100 million Industrial Development Fund, targeting large manufacturing firms amid persistent liquidity constraints and rising production costs in the sector.
In a re-advertisement , the Ministry of Industry and Commerce, working with the National Venture Capital Company of Zimbabwe, said the facility remains available to manufacturers engaged in value addition and import substitution.
“The ZiG100 million Industrial Development Fund is targeted at supporting existing large corporates engaged in manufacturing and value-adding activities across the country’s ten provinces,” the notice states.
The facility offers what the Ministry describes as “patient and concessionary capital” at an interest rate of 15 percent per annum, with a maximum tenure of up to 36 months, at a time when commercial lending rates remain largely prohibitive for industry.
According to the advert, the fund is restricted to large manufacturing companies employing at least 70 workers, raising questions about access for small and medium enterprises, which make up the bulk of Zimbabwe’s industrial base.
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“The fund is targeted for large manufacturing sector corporates with high potential impact, import substitution, employment creation and value-adding activities,” the Ministry said.
Eligible uses of the facility include the acquisition of new equipment and machinery, working capital, infrastructure development and modernisation, research and development, and technology adoption, signalling an emphasis on retooling and productivity.
However, applicants are required to submit audited financial statements, comprehensive business proposals and proof of statutory compliance, alongside a non-refundable facilitation fee of US$100, conditions that may further narrow access.
The Ministry said “incomplete applications will not be accepted”, with submissions closing on 13 February 2026 at 1600 hours.
In a separate notice, the Ministry urged manufacturers to act quickly, saying: “The Industrial Development Fund ZiG 100 million facility is available. Interested manufacturers must contact the National Venture Capital Company of Zimbabwe today.”
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