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Universities to copy Nust accommodation model
THE Infrastructure Development Bank of Zimbabwe (IDBZ) will replicate the National University of Science and Technology (Nust) student accommodation model at other universities to curb shortages at te...Published: 02 May 2022 at 08:03hrs | 720 | by Staff reporter
Bulawayo's student accommodation complex to be complete by August
THE Bulawayo student accommodation being constructed by the Infrastructure Development Bank of Zimbabwe near the National University of Science and Technology will be completed and commissioned in Aug...Published: 01 May 2022 at 11:16hrs | 149 | by Staff reporter
Govt courts banks for $2,1bn bailout
ZIMBABWE'S cash-strapped government has turned to banks for a $2,1 billion bailout to bankroll public expenditure programmes and bolster its weak cashflows.Under the programme, government will...Published: 24 Mar 2022 at 05:22hrs | 311 | by Staff reporter
RBZ issues ZW$2,1bn Treasury Bill
THE Reserve Bank of Zimbabwe (RBZ) yesterday issued a ZW$2,1 billion Treasury Bill seeking to raise funding from the market to support development programmes and public cashflow management.Tre...Published: 24 Mar 2022 at 05:20hrs | 96 | by Staff reporter
New power supply for Bulawayo
GOVERNMENT has commenced the construction of a 360km electricity transmission project linking Hwange Thermal Power Station and Insukamini Substation in Bulawayo.The project is part of the on-g...Published: 14 Dec 2021 at 22:49hrs | 974 | by Staff reporter
Zimbabwe to borrow $147 billion in 2022
Finance and Economic Development Minister, Professor Mthuli Ncube, says the Treasury will borrow $146,8 billion using Treasury Bills (TBs) and Treasury Bonds in 2022 to finance key Government projects...Published: 01 Dec 2021 at 05:34hrs | 15 | by Staff reporter
Gono mourns Doug Munatsi
It is with great sadness that my family and I mourn the untimely death of a fine, seasoned banker and patriotic son of the soil, Douglas Munatsi in tragic circumstances not yet explained to the nation...Published: 01 Dec 2021 at 05:34hrs | 14 | by Dr Gideon Gono
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 10 | 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...Published: 26 Nov 2021 at 19:42hrs | | by Staff Rporter
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...Published: 26 Nov 2021 at 19:42hrs | 6 | by Staff Rporter
Bulawayo's student accommodation complex takes in first batch
THE Infrastructure Development Bank of Zimbabwe (IDBZ)-owned Bulawayo Student Accommodation complex is expected to take in its first students this month with one of the wings now at 96 percent complet...Published: 12 Sep 2021 at 08:45hrs | 4 | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 215 | by Staff reporter
Lupane tables mall project, again
MATABELELAND North provincial capital, Lupane, is still seeking potential investors to construct a multi-purpose shopping mall that will assist in attracting more business and investment towards the g...Published: 26 Aug 2021 at 06:35hrs | | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | | by Victor Bhoroma
RBZ issues $400 million Treasury Bills
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management. The Central Bank float...Published: 10 Mar 2021 at 05:50hrs | 6 | by Staff reporter
IDBZ student hostel project nears completion
THE Infrastructure Development Bank of Zimbabwe (IDBZ)'s US$14.8 million student accommodation project in Bulawayo is now 69% complete and expected to be fully completed in November this year....Published: 06 Mar 2021 at 07:59hrs | 71 | by Staff reporter
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | 6 | by Staff reporter
Feasibility studies for Umvumila on cards
BULAWAYO City Council (BCC) has started engaging potential consultants to undertake feasibility studies for Umvumila area as part of progress towards implementation of the Special Economic Zones in th...Published: 19 Jan 2021 at 17:10hrs | 4 | by Staff reporter
Hwange residents, Hwange Local Board fight over stands
HWANGE residents have filed an application at the Hwange Magistrates Court seeking to bar Hwange Local Board (HLB) from allowing certain classes of people to construct houses on their stands while oth...Published: 04 Jan 2021 at 07:29hrs | 10 | by Staff reporter
Chinamasa warns opposition
ZANU-PF says political parties that are shunning President Emmerson Mnangagwa's dialogue overtures and preferring violent confrontations will be dealt with by the law.This comes as MDC Allianc...Published: 21 Nov 2020 at 22:17hrs | 5 | by Staff reporter
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 c...Published: 28 Aug 2019 at 07:42hrs | 787 | by Staff reporter
RBZ seeks to raise $30m
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $30 million through a public auction of Treasury Bills (TBs) to finance government programmes.This is the first public Treasury Bill sale...Published: 01 Aug 2019 at 21:58hrs | | by Staff reporter
Former MDC MPs appointed ZACC commissioners
President Emmerson Mnangagwa swore-in eight commissioners of the Zimbabwe Anti-Corruption Commission on Monday, among them a retired army major and two former opposition MPs.Mnangagwa recently...Published: 15 Jul 2019 at 14:28hrs | 7092 | by ZimLive
Gweru's Gwenoro Dam at 18% capacity
GWERU'S main water source, Gwenoro Dam is now at 18% capacity, with city fathers expressing concern that the Midlands capital could face an unprecedented water crisis if urgent solutions for alternati...Published: 05 Jul 2019 at 08:15hrs | | by Staff reporter
Mthuli Ncube announces key appointments at four parastatals
Finance and Economic Development Minister, Professor Mthuli Ncube has announced key appointments at four parastatals falling under his portfolio.The Minister announced the appointment of new b...Published: 23 Jun 2019 at 11:03hrs | 7330 | by Staff Reporter
NUST Student hostels construction gathers pace
CONSTRUCTION of the $12 million upmarket accommodation facility to house more than 1 000 students in Bulawayo by the Infrastructure Development Bank of Zimbabwe (IDBZ) has started.IDBZ chief m...Published: 16 Jun 2019 at 09:37hrs | 579 | by Staff reporter
Major Matabeleland roads under reconstruction
THE multi-million dollar road infrastructure development programme undertaken by the Government has moved a gear up with work on the Bulawayo-Nkayi Road and Bulawayo-Tsholotsho Road now underway, amon...Published: 19 May 2019 at 09:13hrs | 1702 | by Staff reporter
200 vapostori evicted from farm
ABOUT 200 members of the Johanne Marange Apostolic Church, who had illegally settled themselves at a farm in Chivhu, were on Thursday left homeless after their homes were set ablaze during an eviction...Published: 18 May 2019 at 10:02hrs | 832 | by Staff reporter
Masvingo to name streets after war vets
Masvingo City Council and the Infrastructural Development Bank of Zimbabwe (IDBZ) intend to honour liberation war luminaries from the province by naming streets in the new suburb of Clipsham Views aft...Published: 04 Apr 2019 at 06:43hrs | | by Staff reporter
Tungamirayi, Zvinavashe, Zvobgo honoured in new street names
Josiah Tungamirai, V. Musungwa and E.J.M Zvobgo are among the street names that residents in the developing suburb of Clipsham Views will see if current naming proposals by City of Masvingo's health, ...Published: 30 Mar 2019 at 21:33hrs | 755 | by Staff reporter
Mnangagwa bullish on TelOne future prospects
The professionalism of TelOne's management, including their determined push to turnaround the State-owned enterprise (SOE), will likely be a drawcard for reputable technical partners or suitors, Presi...Published: 17 Mar 2019 at 08:30hrs | 406 | by Staff rpeorter
Meikles suffers court setback in bid to overturn $3,6 million judgment
High Court judge Justice Nicholas Mathonsi has dismissed an application to rescind a judgment compelling Meikles to pay over $3,6 million owed to the Infrastructural Development Bank of Zimbabwe (IDBZ...Published: 26 Feb 2019 at 06:55hrs | 556 | by Staff reporter
Govt to injects $264 million into housing
Government will next year invest $264 million in housing construction in a bid to reduce the national housing backlog estimated at more than 1,3 million. The demand for housing has over the ye...Published: 22 Dec 2018 at 08:41hrs | 784 | by Staff Reporter
$100m Zesa tender scam raises stink
IRREGULAR tender procedures coupled with a lax accounting system, among other factors, have delayed the completion of the US$100,4 million prepayment and smart metering project the power utility, Zesa...Published: 07 Dec 2018 at 05:52hrs | | by Staff reporter
Government to solve Cowdray Park sewer problems
THE Government has set aside over $45 million targeted at improving the country's water and sewer infrastructure, a move which will see 90 percent of all urban dwellers having access to safe drinking ...Published: 02 Dec 2018 at 10:09hrs | 176 | by Staff reporter
Government to solve Cowdray Park sewer problems
THE Government has set aside over $45 million targeted at improving the country's water and sewer infrastructure, a move which will see 90 percent of all urban dwellers having access to safe drinking ...Published: 02 Dec 2018 at 08:09hrs | 969 | by Staff Reporter
Bulawayo-Victoria Falls road rehabilitation to start in 2020
THE rehabilitation of the Bulawayo-Victoria Falls highway to be funded by the Infrastructural Development Bank of Zimbabwe (IDBZ) and the Government at an estimated cost of $350 million is expected to...Published: 02 Dec 2018 at 07:43hrs | | by Staff Reporter
One year on with a listening President
Following the events that transpired last year around this time, Zimbabwe underwent government transition ushering in the Second Republic which has proved far removed from the era of former president ...Published: 22 Nov 2018 at 15:06hrs | 936 | by Prosperity Mzila
More than $5 billion required for Zimbabwe roads rehabilitation
THE Government requires more than $5 billion to rehabilitate the country's entire road network with more than $250 million having been availed to the department of roads as work on re-establishing tra...Published: 18 Nov 2018 at 08:14hrs | 1263 | by Staff reporter
Mthuli Ncube sets privatisation timelines
FINANCE minister Mthuli Ncube has set timelines for the disposal and partial privatisation of a number of state-owned enterprises, as part of a raft of measures to revitalise Zimbabwe's fragile econom...Published: 16 Nov 2018 at 07:02hrs | 4494 | by Staff reporter
Mnangagwa's govt unveils parastatal reform strategy
Government has rolled out detailed plans for the restructuring of State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation, departmentalisation and listing on the Zimbabwe Stock Exc...Published: 13 Nov 2018 at 05:42hrs | 799 | by Staff reporter
Govt to set up new suburb in Bulawayo
GOVERNMENT is set to establish a new suburb in Bulawayo with more than 2 000 housing stands and will build civil servants' houses in Lupane, Matabeleland North. Delays in construction of civil...Published: 10 Oct 2018 at 06:32hrs | 1764 | by Staff reporter
16 State enterprises to be privatised
The government is undertaking a raft of State enterprise reforms under which 16 entities will be privatised, 13 parastatals merged while two others will be liquidated, State Enterprises Restructuring ...Published: 03 Oct 2018 at 15:22hrs | | by Staff reporter
Stench of sewage in cholera-hit Harare
Zimbabwe is struggling with its worst outbreak of cholera in a decade, which has killed at least 28 people. An emergency has been declared and public gatherings banned in the capital, Harare.L...Published: 18 Sep 2018 at 16:40hrs | 1645 | by BBC
IDBZ gets $150m capital injection
The Government has injected $150 million equity capital into the Infrastructure Development Bank of Zimbabwe to help the institution discharge its mandate of providing long and medium term funding for...Published: 05 Sep 2018 at 06:28hrs | 195 | by Staff reporter
1 200-bed hospital for Harare
Government is set to build a world class 1 200-bed hospital in Harare as President Mnangagwa's administration pushes to improve the country's primary health care system. In his remarks during ...Published: 23 Jul 2018 at 06:44hrs | 884 | by Staff reporter
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...Published: 06 Jul 2018 at 07:12hrs | 419 | by Staff reporter
Hwange targets 4 major projects
HWANGE Local Board (HLB) has embarked on four major "Quick win" projects which are at various stages of implementation as it seeks to improve service delivery.Speaking in an interview on the s...Published: 05 Jul 2018 at 07:02hrs | 258 | by Staff reporter
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...Published: 03 Jul 2018 at 06:50hrs | | by Staff reporter
Mnangagwa to launch C-TRADE
Zimbabwe's capital markets are set for their most significant development in recent years as President Mnangagwa officiates at the launch of C-TRADE tomorrow. C-TRADE is an online and mobile t...Published: 03 Jul 2018 at 06:47hrs | | by Staff reporter
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