Published: 13 August 2017

The government has since January injected US$20 million fresh capital in the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance its capacity in undertaking several projects across the country.

Recapitalisation of the IDBZ is being considered an important element that can create growth opportunities.

With the government being the key shareholder in IDBZ, consideration on capital injection is a key element that has seen Treasury having injected an additional US$20 million since January.

IDBZ chief executive officer, Dr Thomas Zondo Sakala confirmed to reporters, the institution is therefore forging ahead to fulfil its mandate in identifying socio economic projects that require funding.

Dr Sakala said; "Socio economic projects are always critical and we hope for the best as we seek to unlock more growth opportunities."

The financing of key infrastructure developments within the economy is also an element that has seen the IDBZ engaging potential investors to raise more funds.
- zbc

You might also want to read this

• IDBZ resolute in supporting NDS1
• IDBZ to bankroll Mat South irrigation scheme
• IDBZ opens new office in Bulawayo
• IDBZ sitting on $36m housing portfolio
• IDBZ, war vets headed for showdown
• IDBZ raises $26m for housing
• IDBZ records bankable projects worth $85,7m
• IDBZ acquires 100 hectares for housing
• IDBZ in shareholding wrangle
• IDBZ to invest $10m in land acquisition