IDBZ courts private partners

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 strategically pursuing external partners to diversify its equity structure and reduce dependence on government funding in line with partial privatisation of some state entities.IDBZ – which is wholly owned and capitalised by the government – wants to evolve into a self-sustained full-fledged development finance institution capable…

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