Source: Government establishes fund to support critical industries growth – heraldMartin Kadzere, Zimpapers Business HubThe Government has established an Industrial Development Fund (IDF) with an initial outlay of ZiG100 million to support high-growth value chains in the manufacturing sector, a Cabinet minister has said. The new fund will be administered by the National Venture Capital Company of Zimbabwe (NVCCZ) to ensure effective management. “We are happy that the Treasury has committed to consistently support the fund to aid high-growth value chains within the manufacturing sector until it is self-sustaining,” said Minister Ndlovu in an interview. These include the fertiliser, soya, cotton, dairy, sugar, leather, pharmaceutical, bus and truck, engineering iron and steel, and plastic waste value chains. NVCCZ chief executive Tino Kambasha said in an interview the newly established IDF would support key areas within high-growth manufacturing value chains.