Articles tagged 'infrastructure development bank of zimbabwe'

AFC ready to invest in Zim 6 June 2018 HARARE - Africa Finance Corporation (AFC), which holds $3,2 billion in assets under management, says it is ready to pour in millions of dollars needed for the construction and refurbishment of infrastructure in Zimbabwe. This was after the southern African country last week became the latest m...
Boost for Zim infrastructure 28 May 2018 HARARE - Zimbabwe has received a massive infrastructure boost after the country last week became the nineteenth member state of the Africa Finance Corporation (AFC) – the continent's leading infrastructure development finance institution. AFC president and chief executive Andrew Alli said his ...
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 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 awaits Banking Act amendments 9 March 2015 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) says it awaits finalisation of the Banking Act amendments before it can recapitalise in line with Reserve Bank of Zimbabwe requirements. This comes as the institution was placed under the supervision of the central bank beginning ...
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...