OUR DEEPEST CONDOLENCES

EXEMPLARY USE OF INDUSTRIAL DEVELOPMENT FUNDS After receiving support from the Industrial Development Fund (IDF), Pump and Steel Supplies has significantly scaled up production, beneficiation and value addition. Pump and Steel is transforming local raw materials into high quality finished products, creating jobs and reducing the import bill. This is exactly what the fund is meant to accomplish. This is yet another success story from the Industrial Development Fund.

MINISTER NDHLOVU CALLS FOR INCREASED BUDGETARY SUPPORT TO DRIVE INDUSTRIALISATION AND LOCAL PRODUCTION The Minister of Industry and Commerce, Hon. Mangaliso Ndhlovu called for increased budgetary support to strengthen local industries, create jobs and accelerate Zimbabwe’s economic transformation journey in line with NDS2 and Vision 2030. Speaking at the 2027 Parliament Pre-Budget Seminar in Bulawayo, Hon. Ndhlovu highlighted the importance of industrial financing, local procurement, value addition and beneficiation as key for building a competitive, export-oriented economy. Manufacturing capacity utilisation has reached 61.2%, with the sector contributing 16.2% to GDP and manufactured exports generating US$593 million. To build on this performance, the Ministry proposes increasing the Industrial Development Fund to ZWG142 million in 2027 to support local enterprises and expand production. The Ministry is proposing local-content targets of 25% by 2027, 35% by 2029 and 40% by 2030. Priorities include promoting Zimbabwean-made products, supporting vehicle assembly and garment manufacturing, strengthening domestic supply chains, accelerating mineral beneficiation and reviving local fertiliser production to reduce import dependence. To improve the ease of doing business, the Ministry will build on the review of 291 licences, permits, levies and fees, while pursuing simplified business registration and a one-stop online registration portal. Investment in Special Economic Zones across all provinces will also support industrial development and employment creation. Rural industrialisation will be advanced through plans to revitalise 61 Community Economic Empowerment Trusts, with proposed seed capital of US$6.1 million to expand community participation in economic activities. The Ministry also seeks to strengthen consumer protection through market surveillance, product testing and standards enforcement, while operationalising the National Bioequivalence Centre to reduce pharmaceutical testing costs and turnaround times. Adequate funding for these initiatives will be essential to expand productive capacity, strengthen industrial competitiveness, increase exports and create sustainable employment as Zimbabwe advances towards Vision 2030.

IN PURSUIT OF VISION 2030. ONE GOAL, MANY HANDS.

ZIMBABWE’S 2027 NATIONAL BUDGET: ADVANCING INDUSTRIALISATION AND VALUE ADDITION The Minister of Industry and Commerce, Hon. N.M. Ndhlovu is in Bulawayo for the 2027 Parliament Pre-Budget Seminar veing held at the Zimbabwe International Trade Fair (ZITF) grounds, under the theme, “Accelerating Economic Transformation and Building Resilience to Climate and Global Shocks.” The high-level seminar has brought together Government Ministers, Members of Parliament, development partners and key economic stakeholders to deliberate on fiscal priorities, monetary policy coordination, climate resilience and strategies to mitigate the impact of global economic shocks as the country crafts the 2027 National Budget. Officially opening the seminar, the Speaker of Parliament, Advocate Jacob Mudenda, called for the 2027 National Budget to decisively prioritise industrialisation, beneficiation and value addition as the anchor for Zimbabwe’s economic transformation. Adv. Mudenda emphasised that Zimbabwe must move beyond exporting raw commodities by aggressively promoting the local processing of minerals and agricultural products to maximise value retention, create jobs and build a competitive economy. He noted that a budget anchored on value addition will not only insulate the economy from global commodity price volatility but also accelerate the attainment of Vision 2030. The Ministry of Industry and Commerce welcomes this call, which aligns with our core mandate of driving industrial growth, local content production and building competitive value chains.

ANOTHER BENEFICIARY OF THE INDUSTRIAL DEVELOPMENT FUND CELEBRATES Zimchem Refiners (Pvt) Ltd is a chemical manufacturing company based in Kwekwe. They produce a wide range of high value products which include industrial, household, veterinary and agro'chemicals Before receiving the Industrial Development Funds (IDF), Zimchem could not match demand and struggled to fully supply the market. After receiving the IDF, Zimchem's capacity utilisation jumped from 4% to 8%. Their sales revenue grew and doubled. In a short space of time they began retaining most of the customers they had lost. Zimchem is recruiting casual labour from the local community. A significant number of the youth have benefited as a result. Plans are underway to revive their fertiliser project and once this is operationalised, more people will benefit. A country is built by its own.

INDUSTRIAL DEVELOPMENT FUND DELIVERING TANGIBLE RESULTS It is fulfilling to witness first-hand the transformative impact the Industrial Development Fund (IDF) is having on our local entrepreneurs. Through prudent utilisation of the IDF facility, the Zimbabwe Silicates Holdings (a manufacturer and distributor of industrial chemicals) has significantly increased production and expanded its capacity after retooling. This milestone has enabled Zimbabwe Silicates Holdings to put more products on the market, create more employment and reduce the import bill on industrial chemicals. When funds are correctly used, the results are there for all to see. The Ministry urges potential beneficiaries to contact the National Venture Capital Company of Zimbabwe (NVCCZ) for more details on availability of funding and the eligibility criteria. Let us empower our nation together and build the Zimbabwe we all want.

WE ARE MOURNING The Minister of Industry and Commerce Hon N.M. Ndhlovu, Deputy Minister Hon. R.I. Modi, Permanent Secretary Ambassador T.T. Chifamba, Chief Directors, Directors and staff console the Marimo family following the passing of Mr. Tellmore Marimo. Mr. Marimo was a Trade Measures Inspector stationed at the Ministry's Midlands Provincial Office. He was a dedicated, passionate, humble and valued member of the Ministry. His hard work, kindness and integrity left a lasting impression on all who worked with him. He will be greatly missed by his colleagues, friends, family and the entire Ministry. We stand with the Marimo family during this difficult tíme. May his dear soul rest in peace.

The Minister of Industry and Commerce Hon. N.M. Ndhlovu, Deputy Minister Hon. R.I. Modi, Permanent Secretary Ambassador T.T. Chifamba, Chief Directors, Directors and Staff join His Excellency the President of the Republic of Zimbabwe, Cde. Dr. Emmerson Dambudzo Mnangagwa and the people of Zimbabwe in commemorating the SADC Anti-Sanctions Day. As the Ministry mandated to drive inclusive economic growth through industrialisation, economic empowerment and consumer protection, we bear witness to the negative impact of the unjustified sanctions on economic growth. We also celebrate the revival of our industry born out of the resilience, innovation and determination demonstrated by our entrepreneurs. Businesses across all value chains are adapting and exploring opportunities that sustain and grow their operations, create employment and contribute to the growth of the economy. This is true to the mantra, Nyika Inovakwa NeVene Vayo /Ilizwe Lakhiwa Ngabanikazi Balo. Through engagement with the private sector, the Ministry continues to come up with impactful strategies that empower the citizens to champion expansion of rural industrialisation, promote value addition and beneficiation, enhance industrial capacity utilisation and revitalise Community Economic Empowerment Trusts (CEETs). Under your visionary leadership, the Ministry will continue to work with all industry and commerce players to strengthen the national resolve towards the establishment of a thriving, advanced, diversified and competitive upper middle-income economy by 2030.

SCALING UP OF MANUFACTURING CAPABILITIES The Ministry of Industry and Commerce is celebrating Imela Milling for demonstrating remarkable growth in productivity and operational efficiency following its access to financing under the Industrial Development Fund (IDF). After receiving support from the Fund, Imela Milling had significantly scaled up its milling capacity, improved product quality, strengthened its supply chain linkages with Local grain farmers and enhanced its ability to supply affordable quality mealie-meal and related products to the Zimbabwean market. This achievement is not just a company success story but a validation of Government's deliberate industrial financing model. Imela's success validates our approach as Government under the Second Republic through the Zimbabwe National Industrial Development Policy 2 (2026-2030). The IDF was established by Government as a strategic instrument to address the long-standing challenges of retooling, working capital constraints and competitiveness faced by local manufacturers. The fruits of the IDF are now evident across beneficiary companies like Imela Milling. The Ministry remains resolute in its mandate to facilitate the growth of local companies. As a Ministry, we believe that when we capacitate one local company, we capacitate an entire value chain, a community and ultimately, the nation. The objective is to empower the local industry so that economy grows towards Vision 2030.

TURNING ECONOMIC PROGRESS INTO BETTER LIVELIHOODS AND JOBS! The Minister of Industry and Commerce, Hon. N. M. Ndhlovu, officially opened the Ministry’s 2026 Strategic Plan Review Workshop in Bulawayo, calling for practical actions that strengthen production, competitiveness and trade. Zimbabwe’s economy grew by 8.3% in 2025, while manufacturing capacity utilisation rose to 61.2% in the first half of 2026, up from 57.3% in 2025. Manufactured exports reached approximately US$593 million by August 2026. The Minister emphasised that “Our task is not simply to plan activities, but to agree on practical actions that strengthen production, improve competitiveness, expand trade and create opportunities for our people.” He highlighted four Cabinet-approved policy frameworks covering industrial development, local content, consumer protection and quality standards, urging departments to align budgets, work plans and performance contracts with measurable targets. He further stressed that “Success must be reflected in stronger enterprises, more competitive products, expanding markets, productive employment and improved livelihoods for the people of Zimbabwe.” #Industrialisation #NDS2 #Vision2030

🇿🇼 WHAT IS THE LEVEL OF OUR AMBITION? The Permanent Secretary for the Ministry of Industry and Commerce, Amb. T.T. Chifamba speaking at the 2026 Strategic Plan Review Workshop in Bulawayo, called for stronger collaboration, evidence-based planning and practical solutions to business challenges. He emphasised reviewing 2026 performance and setting clear, measurable priorities for 2027, aligned with the 2026–2030 Strategic Plan, NDS2 and Vision 2030. Key priorities include accelerating Ease of Doing Business reforms, strengthening industrial competitiveness, advancing rural industrialisation and economic empowerment, and leveraging #AfCFTA to expand market access, regional value chains and exports. The focus: shared accountability, clear targets and effective implementation for tangible results. #Industrialisation #NDS2 #Vision2030

EMPOWERING THE PEOPLE TO DRIVE INCLUSIVE INDUSTRIALISATION The Industrial Development Fund (IDF) is promoting inclusive Industrialisation. Imela Milling has a testimony to share. The IDF is assisting local entrepreneurs to retool, expand production, create decent jobs and add value to local raw materials. Local businesses like Imela are now competing well in the local market. The Ministry commends the National Venture Capital Company of Zimbabwe for their diligence, transparency and commitment to support economic growth. The Ministry also commits to continously capacitate eligible businesses through the IDF so that no entrepreneur is left behind.

MANY THANKS TO THE INDUSTRIAL DEVELOPMENT FUND Ubuntu Milling Company based in Bulawayo is among the beneficiaries of the Industrial Development Fund (IDF). Makorokoto! Amhlophe! Congratulations!

"On behalf of the people and Government of Zimbabwe, I take over the mantle of Chairperson of the COMESA Authority, with deep humility and a profound sense of duty. I thank you, your Excellencies, for the confidence reposed on my country to nurture the vision of this regional bloc, for the period 2026-2027", H.E President Dr. E.D. Mnangagwa. The Minister of Industry and Commerce, Hon. N.M. Ndhlovu, Deputy Minister Hon. R.I. Modi, Permanent Secretary Ambassador T.T. Chifamba, Chief Directors, Directors, Staff and the entire Industry and Commerce family, join the nation in congratulating His Excellency, the President of the Republic of Zimbabwe, Cde. Dr. Emmerson Dambudzo Mnangagwa, on assuming the Chairmanship of the Common Market for Eastern and Southern Africa (COMESA) and for the impeccable hosting of the 25th COMESA Heads of State and Government Summit in Harare. Your assumption of the COMESA Chairmanship is a testament to your visionary leadership and to the growing confidence the region and continent has in Zimbabwe under the Second Republic. COMESA provides a strategic platform to advance our National Development Strategy 2 and our Vision 2030 aspirations of becoming an upper-middle-income economy. The Ministry will continue to drive industrialisation and trade through promoting value-addition and beneficiation across all value chains, championing the production of competitive “Made in Zimbabwe” products for regional value chains, and accelerating the ease-of-doing-business reforms. The Ministry pledges unwavering support to you, Your Excellency, as you steer COMESA towards deeper economic integration, inclusive industrialisation and shared prosperity. Congratulations! Makorokoto! Amhlophe!