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Rural councils performing better than Harare
During a Full Council meeting this week, Harare Mayor Jacob Mafume expressed his frustration with fellow councillors for failing to develop a green energy plan that would pave the way for solar power ...Published: 04 Oct 2024 at 08:50hrs | 199 | by Staff reporter
Bulawayo housing stands unaffordable for many
The escalating demand for family housing in Bulawayo has driven housing stand prices beyond many people's reach, as the local authority struggles to provide enough land for the growing number of home ...Published: 02 Sep 2024 at 11:22hrs | 525 | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 37 | by Staff reporter
Chiredzi Town Council to upgrade water supply systems
Chiredzi Town Council has tabled an ambitious 5 year development plan which will see the town intensely improve water supply and modernize all its infrastructure.This came out at a recent post...Published: 12 Dec 2023 at 13:57hrs | 13 | by Stephen Jakes
Bulawayo students' complex already full
SPACE at the US$17 million student accommodation complex in Bulawayo is reportedly full as a number of students from different institutions have taken up residence with hundreds who have been making e...Published: 10 Sep 2023 at 08:56hrs | 3 | by Staff reporter
Chiwenga says Mnangagwa deserves another term
VICE-PRESIDENT Dr Constantino Chiwenga yesterday implored the electorate to vote for President Mnangagwa in the August 23 harmonised elections as he has religiously fulfilled the promises he made when...Published: 03 Aug 2023 at 06:44hrs | 8 | by Staff reporter
Mnangagwa to address Cowdry Park Star Rally
ALL roads lead to Bulawayo today where President Mnangagwa will address a star rally in Cowdray Park suburb to drum up support for the ruling party Zanu- PF ahead of the harmonised general elections l...Published: 02 Aug 2023 at 06:49hrs | 7 | by Staff reporter
New suburb to tackle Bulawayo housing backlog
THE Infrastructure Development Bank of Zimbabwe (IDBZ) is developing an upmarket suburb in Bulawayo which has 114 residential stands ranging from 3 500 to 9 000 square metres in size.The estim...Published: 20 Jul 2023 at 06:52hrs | 9 | by Staff reporter
Students complex opens doors in Bulawayo
THE US$17 million student accommodation complex in Bulawayo that is expected to house more than 1 000 students is ready for occupation with the Government saying it will ensure the project is replicat...Published: 09 Jul 2023 at 09:06hrs | 6 | by Staff Reporter
IDBZ seeks US$1,5bn for infrastructure gaps
THE Infrastructure Development Bank of Zimbabwe (IDBZ) has revealed that it requires US$1,5 billion funding to plug the country's "vast" infrastructure deficit.The announcement comes as the go...Published: 03 Apr 2023 at 06:30hrs | | by Staff reporter
Bulawayo CBD expansion to cover Suburbs, Kumalo
BULAWAYO City Council (BCC) is considering extending the Central Business District (CBD) into residential areas such as Suburbs and Kumalo in line with current trends that have seen some companies and...Published: 17 Mar 2023 at 07:25hrs | 5 | by Staff reporter
Nust students complex awaits Mnangagwa commissioning
THE Government, through the Infrastructure Development Bank of Zimbabwe (IDBZ), has completed constructing the massive US$17 million student accommodation complex in Bulawayo.The multi-purpose...Published: 17 Jan 2023 at 15:10hrs | 3 | by Staff reporter
Norsad Capital signs MoU with the IDBZ to create new opportunities for Zimbabwean businesses
Recognising their common goals, the Infrastructure Development Bank of Zimbabwe (IDBZ) has joined forces with Norsad Capital, a provider of private credit to scalable businesses focused on growth. Thi...Published: 14 Sep 2022 at 14:55hrs | 5 | by Agencies
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-hect...Published: 11 Sep 2022 at 11:05hrs | 17 | by Staff Reporter
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 | | 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 | 1 | 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 | 1 | 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 | | 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 | 4 | 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 | 5 | 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 | 6 | 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 | 4 | 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 | 7 | 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 | 6 | 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 | 4 | 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 | 1 | 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 | | 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 | 9 | 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 | | 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 | 1 | 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 | 6 | 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 | | 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 | 3 | 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 | 5 | 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 | 3 | 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 | 5 | 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 | | 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 | 5 | 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 | 6 | 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 | 7 | 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 | 7 | 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 | | 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 | 3 | 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 | | 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 | 5 | by Staff Reporter
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