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IDBZ manager probed in student facility fraud

The Infrastructure and Development Bank of Zimbabwe (IDBZ) has launched an investigation into former senior manager Suckson Muswe, formerly known as Makwasha, over allegations that he inflated costs during the construction of a new student…

Published: 24 Aug 2025 at 19:16hrs | | by Staff reporter

How the NRZ Can Fund Zimbabwe's Pensioners on Its Own

As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a textbook example of how one institution, onc…

Published: 24 May 2025 at 23:02hrs | 430 | by Jacob Kudzayi Mutisi

IDBZ CEO Sakala set to step down

Mr. Thomas Zondo Sakala, the Chief Executive Officer (CEO) of the Infrastructure and Development Bank of Zimbabwe (IDBZ), is set to step down from his position in August this year after completing a successful 10-year tenure, sources have …

Published: 13 May 2025 at 10:08hrs | 253 | by Staff reporter

US$30 million for Lupane State University students accommodation

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has released US$30m for the construction of Lupane State University student accommodation and work has already begun in earnest on the seven-hectare piece of land as the government for…

Published: 11 Sep 2022 at 11:05hrs | 219 | by Staff Reporter

Mnangagwa govt to borrow US$1,4bn

GOVERNMENT has announced a plan to borrow ZW$146,8 billion (about US$1,4 billion) in 2022 to fund various infrastructure development projects.This debt would add to the existing stock of US$13,7 billion, according to a paper of debt trends…

Published: 26 Nov 2021 at 19:42hrs | 24 | by Staff Rporter

IDBZ to build 300MW plants

THE Infrastructure and Development Bank of Zimbabwe (IDBZ) is scouting for investors to finance the construction of mini-hydro and solar projects with capacity to generate 300 megawatts (MW), as the country battles to shrug off an intracta…

Published: 28 Aug 2019 at 07:42hrs | 8 | by Staff reporter

Sakala takes over as IDBZ chief executive

GOVERNMENT has appointed former African Development Bank vice president, Thomas Zondo Sakala, as the new chief executive officer of the State-owned Infrastructure Development Bank of Zimbabwe (IDBZ).The Minister of Finance and Economic Dev…

Published: 24 Aug 2015 at 08:37hrs | 1 | by Ndou Paul

IDBZ to issue $54m bond to finance TelOne and ZPC

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has plans to issue a $54 million bond to finance expansion programmes at State-owned telecoms firm TelOne and the Zimbabwe Power Company (ZPC) at the beginning of next year, a company …

Published: 08 Oct 2013 at 03:25hrs | 2 | by Staff reporter

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Background remover for corporate videos that impress clients

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Mnangagwa confirms ZANU-PF corrupt, amid own schemes looting spree

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US Senate tables second bill targeting South Africa

Operation Dudula leader silent on claims of Zimbabwean origins

Mnangagwa appoints new ambassadors

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Girl raped at knifepoint

Tagwirei splashes US$2m on Mnangagwa's birthday

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