Govt seeks high-net-worth partners for startups fund

FINANCE, Economic Development and Investment Promotion deputy minister David Mnangagwa says Treasury is seeking strategic alliances with high-net-worth earners to operationalise a fund that supports startups.

The National Venture Capital  Fund (NVCF) was established in 2021 to offer capital to small and medium enterprises (SMEs) as well as start-ups which the government would fund.

However, nearly three years later, government is yet to pour in resources into the NVCF due to constrained fiscal space.

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