Articles tagged 'idbz'

Govt injects $150m into IDBZ 5 September 2018 HARARE - The Infrastructural Development Bank of Zimbabwe (IDBZ) yesterday said government has injected an additional $150 million fresh capital into the financial institution. Industry experts said the recapitalisation of State banks is a significant change from the drip-feed approach pursued...
SOUTHERN NEWS | Dube hints at GNU 2 May 2018 Dube hints at GNU BULAWAYO - In a statement that is likely to attract mixed feelings within the Zanu PF family, former War Veterans minister Tshinga Dube has hinted on a government of national unity with the Nelson Chamisa-led MDC while also appealing to Zimbabweans to give President Emmerson ...
IDCZ to exit Chemplex Corporation 5 February 2018 HARARE - The Industrial Development Corporation of Zimbabwe (IDCZ) is inviting financial advisors to lead the sale of Chemplex Corporation Limited, one of its subsidiaries. In a Government Gazette published on Friday last week, IDCZ sets out a range of requirements for the would be financial a...
Mugabe's ex-pilot fights IDBZ 5 January 2018 HARARE - Deposed president Robert Mugabe's ex-helicopter pilot is asking President Emmerson Mnangagwa to help him reclaim his family home seized by the Infrastructure Development Bank of Zimbabwe (IDBZ) over a ZW$6,2 million aircraft deal that collapsed in 1997. The retired presidential wing c...
Kariba partners IDBZ to drive housing supply 3 January 2018 HARARE - The KARIBA Municipality (MOK) has partnered with the Infrastructure Development Bank of Zimbabwe (IDBZ) to drive housing supply in the resort town. According to a notice by the local authority’s town clerk Webster Tembo, the project will deliver housing stands  in the low density area...
IDBZ lists $65m bonds 30 November 2017 HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) on Wednesday listed its $65 million bonds it issued in 2014 for energy infrastructure projects on the Financial Securities Exchange. Finsec chief executive Collen Tapfumaneyi said the listing of these bonds by IDBZ demonstrates co...
IDBZ initiates bonds listing 28 November 2017 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) has begun the process of listing its $65 million bonds on the Financial Securities Exchange (Finsec), three years after mulling the idea. The bonds, floated in 2014, were used to raise funding for the completion of prepaid electri...
Boost for local property developers 30 September 2017 HARARE - Government will incentivise the country’s property developers willing to upgrade and set up new structures for tertiary institutions. Finance and Economic Development minister Patrick Chinamasa said this last week at the ground-breaking ceremony for a student complex at the Nationa...
IDBZ raises $110m for students accommodation 23 May 2017 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) has raised nearly $110 million earmarked for constructing residence for university students and employees. The bank yesterday said $75 million will go towards construction of superstructures for student halls of residence at five ...
IDBZ reviews operations 15 February 2017 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) is set to review its commercial banking operations to concentrate more on development projects, Finance minister Patrick Chinamasa has said. The Treasury chief last week said IDBZ has so far received several consultancy jobs from ...
IDBZ raises $22m from infrastructure bonds 8 January 2017 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) last year raised about $22 million from infrastructure bonds floated to the investing public to fund various projects under preparation, the bank said. Data released by the State- owned institution — whose mandate is infrastructur...
IDBZ to issue $15m housing bonds 18 July 2016 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) says it is set to issue over $15 million in housing bonds to fund various projects under preparation. The state-owned institution — whose mandate is infrastructure development — successfully issued its maiden $5 million housing bo...
IDBZ targets $250m capitalisation 3 June 2016 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) says it is targeting to achieve $250 million capitalisation in 2018. This is way above the $100 million minimum capital requirements to be achieved by commercial banks by 2020. IDBZ chief executive Thomas Sakala said although t...
IDBZ secures $20m facility 3 December 2015 HARARE  - The Infrastructure Development Bank of Zimbabwe (IDBZ) has secured $20 million from government aimed at capacitating the financial institution to deliver on its mandate of infrastructure development in energy, transport, water and sanitation, information and communication technology, an...
IDBZ to list $65m bonds 24 November 2014 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) is set to make history by becoming the first company to list its $65 million bonds, earmarked for addressing energy challenges, on the local stock exchange. The bank highlighted that an application would be made to list the bonds,...
Govt re-denominates IDBZ shares 22 January 2014 HARARE - Government has approved the re-denomination of the Infrastructure Development Bank of Zimbabwe (IDBZ)’s shares to United States dollars from the defunct local currency. In 2009, the country abandoned its worthless Zimbabwe dollar (Z$) — ravaged by hyperinflation reaching 231 million p...
IDBZ plans $60m bonds 8 October 2013 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) plans to float $60 million bonds early next year, with the funds targeted at bailing out some of the struggling parastatals. Charles Chikaura, the institution's chief executive, said the money will be channelled to Tel*One and the...