FINANCE minister Mthuli Ncube says the government wants to partner with the private sector in capitalising the National Venture Capital Company of Zimbabwe (NVCCZ) after setting aside $4 billion for the vehicle in the 2023 national budget.
The government established the NVCCZ in 2020 and it had up until now been capitalised to the tune of $1 billion.
NVCCZ is meant to address the shortage of capital for start-ups, thereby providing productive economic opportunities and employment for youth, persons with disabilities, and women, as well as promoting entrepreneurship and innovation by MSMEs.
“The board has since been constituted and is in the process of recruiting suitable personnel to run the entity. It is also expected to develop the operating framework and guidelines for rolling out the Fund,” Ncub
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