IDBZ strengthens capital position

The development bank said projects under imple­mentation were yet to generate repayments, prompting management to focus on converting its project pipeline into bankable transactions and expanding lending in the second half of the year.

THE Infrastructure and Development Bank of Zimbabwe (IDBZ) is seeking to enhance its capital position by drawing support from shareholders and engaging with external investors to effectively carry out its projects.The state-owned development bank last year received a significant capital boost, including a ZiG6 billion injection from the government and US$10 million in Treasury Bills.…

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