BUSINESS NEWS

IDBZ resolute in supporting NDS1

The Infrastructure Development Bank of Zimbabwe (IDBZ) says projects with an estimated value of US$68,8 million were committed to the bank's project pipeline during the half year to June 2013 as the G...

By Staff reporter | Published: 12 September 2023

BUSINESS NEWS

IDBZ to bankroll Mat South irrigation scheme

AT least 450 hectares of farm-land in Mangwe District, Matabeleland South Province will be opened up under a planned irrigation scheme to enhance the country's food security while some of the produce ...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

IDBZ Nust hostels funding under threat

THE Infrastructure Development Bank of Zimbabwe (IDBZ) risks losing the $12 million funding for the construction of hostels for the National University of Science and Technology (Nust) students if the...

By Staff reporter | Published: 06 July 2018

FINANCIAL SERVICES

IDBZ opens new office in Bulawayo

THE Infrastructure Development Bank of Zimbabwe (IDBZ) yesterday officially commissioned its southern regional office in Bulawayo, positioning itself to adequately steer infrastructure projects across...

By Staff reporter | Published: 03 July 2018

CONSTRUCTION & PROPERTY

IDBZ sitting on $36m housing portfolio

AFTER servicing and delivering 1 061 housing stands, the Infrastructure Development Bank of Zimbabwe (IDBZ) is presently servicing 4 227 housing stands valued at $36 million, the State-owned group sai...

By Staff reporter | Published: 15 June 2018

POLITICS

IDBZ, war vets headed for showdown

THE Infrastructure Development Bank of Zimbabwe (IDBZ) is headed for a showdown with war veterans, resettled on the periphery of Masvingo, after the institution was offered 100 hectares of their land ...

By Staff reporter | Published: 13 June 2018

CONSTRUCTION & PROPERTY

IDBZ raises $26m for housing

The Infrastructure Development Bank of Zimbabwe (IDBZ) raised $26,6 million in 2017 for housing projects across the country, as it pressed ahead with its mandate of infrastructure financing. This come...

By Staff reporter | Published: 12 June 2018

FINANCIAL SERVICES

IDBZ records bankable projects worth $85,7m

Infrastructure Development Bank of Zimbabwe (IDBZ) has converted $85,7 million worth of programmes at concept stage into bankable projects during the financial year 2017. This comes as the financial s...

By Staff reporter | Published: 08 June 2018

FINANCIAL SERVICES

IDBZ acquires 100 hectares for housing

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has concluded the acquisition of 100 hectares of land across the Masvingo-Beitbridge highway for the development of housing projects.Last year, t...

By Staff reporter | Published: 01 June 2018

FINANCIAL SERVICES

IDBZ in shareholding wrangle

IDBZ has been embroiled in a shareholding wrangle after being dragged to the High Court by a man claiming to own shares in the financial institution. IDBZ is cited as a respondent while applicant is o...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

IDBZ to invest $10m in land acquisition

The Infrastructure Development Bank of Zimbabwe (IDBZ), has obtained board approval to spend $10 million on the acquisition of land across the country for its tertiary colleges accommodation and housi...

By Staff reporter | Published: 09 May 2018

BUSINESS NEWS

IDBZ to ease students accommodation crisis

THE Infrastructural Bank of Zimbabwe (IDBZ) has secured land for the construction of a student accommodation facility in Lupane for students at Lupane State University.This comes as Lupane State Unive...

By Staff reporter | Published: 06 May 2018

POLITICS

Mugabe's ex-pilot fights IDBZ

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...

By Staff reporter | Published: 08 January 2018

FINANCIAL SERVICES

Hwange, IDBZ $6m project kicks off

ONE of Hwange's biggest infrastructural projects funded to the tune of $6 million by the Infrastructural Development Bank of Zimbabwe (IDBZ) has started.Speaking after a tour with officials from the M...

By Staff reporter | Published: 17 December 2017

BUSINESS NEWS

IDBZ sets up $5m project preparatory fund

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has established a Project Preparatory and Development Fund with $5 million seed capital aimed at financing bankable project proposals in the co...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

IDBZ to list $30 million more bonds

THE Infrastructure Development Bank of Zimbabwe (IDBZ) plans to increase bond listing on the Financial Securities Exchange (FINSEC) alternative trading platform by more than $27 million worth of housi...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

'Bond listing helps deepen capital markets'

GOVERNMENT has said the maiden listing of the Infrastructure Development Bank of Zimbabwe (IDBZ) energy bonds provides flexibility to investors in terms of investment period and helps the bank to achi...

By Staff reporter | Published: 30 November 2017

FINANCIAL SERVICES

IDBZ initiates bonds listing

The infrastructure Development Bank of Zimbabwe has begun the process of listing its $65 million bonds on the Financial Securities Exchange three years after mulling the idea. The bonds, floated in 20...

By Staff reporter | Published: 28 November 2017

BUSINESS NEWS

IDBZ avails $700k for construction of Hwange plant

THE Infrastructure Development Bank of Zimbabwe has availed about $700 000 for the construction of Hwange's Mpumalanga waste water treatment plant.Speaking during an Environmental Management Agency (E...

By Staff reporter | Published: 18 September 2017

CONSTRUCTION & PROPERTY

IDBZ to roll out massive housing projects

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has mobilised $8.1 million through private placement of housing bonds and would before the end of the year roll out massive housing development p...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

IDBZ mobilizing $35m for students residences

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has started mobilising $35 million needed to finance the first phase of constructing student accommodation at State universities.The total cost ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

IDBZ targets multi-million dollar projects in Zim

The Infrastructure Development Bank of Zimbabwe (IDBZ) says it will start implementation of its multi-million dollar infrastructure development projects across the country in the second half of 2017.T...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

IDBZ to commence work on road projects

The Infrastructure Development Bank of Zimbabwe is set to begin feasibility studies on the construction of the proposed Chilonga - Runde River Bridge and Boli Road project in Masvingo Province.IDBZ s...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

IDBZ partners Dutch firm

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has partnered a Dutch firm called Rebel International Group, which specialises in infrastructure finance and investment, to construct new school...

By Staff reporter | Published: 24 August 2017

BUSINESS NEWS

$20m poured into IDBZ for projects

THE Government has since January injected $20 million fresh capital into the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance its capacity in undertaking several projects across the count...

By Staff reporter | Published: 16 August 2017
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