Manufacturing gets lion’s share of key industries financing facility

Nqobile Bhebhe

Zimpapers Business Hub

THE manufacturing sector received the largest share, at 45 percent, of disbursed funds under the Targeted Finance Facility (TTF) as of 30 June 2025, reaffirming its pivotal role in Zimbabwe’s re-industrialisation and economic resilience agenda.

Introduced by the Reserve Bank of Zimbabwe (RBZ) in January 2025, the TTF is a strategic financing mechanism aimed at stimulating productivity in high-impact sectors.

According to the RBZ’s Mid-Term Monetary Policy Statement released last week, total disbursements stood at ZiG420 million by the end of June, with an outstanding balance of ZiG350.4 million.

The manufacturing and agricultural sectors dominated allocations, receiving 44.82 percent and 34.73 percent, respectively, while the retail sector accounted for 17 percent.

Construction, energy, distribution and other services received marginal shares.

RBZ Governor Dr John Mushayavanhu said the facility has proved instrumental in driving growth across key productive sectors, adding that there is a need to extend financing further along the value chain.

“The Reserve Bank introduced the Targeted Finance Facility (TTF), financed from the pool of banks’ statutory reserves held at the Reserve Bank, to ensure a continued flow of credit to productive sectors,” said Dr Mushayavanhu.

“TTF has gone a long way in supporting the productive sectors of the economy, particularly agriculture, manufacturing and wholesale and retail.

“TTF will continue to be availed exclusively to productive sectors of the economy, except the retail sector,” he added.