Zimbabwe seeks private funding for its National Venture Capital Fund to support SMEs and start-ups, as it remains unfunded by the government.

Zimbabwe seeks strategic partnerships with wealthy individuals, venture capitalists, and asset managers for its National Venture Capital Fund (NVCF), established in 2021 to support small and medium enterprises (SMEs) and start-ups. The NVCF aims to provide capital, strategic partnerships, and support, but has yet to receive government funding due to fiscal constraints. The fund is exempt from the Public Procurement and Disposal of Public Asset Act, allowing it to operate competitively. The government is committed to supporting SMEs' participation in capital markets and creating a financial architecture serving government, people, and businesses.

August 05, 2024
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