Infrastructure Development Bank of Zimbabwe

The IDBZ is a statutory body established through an Act of Parliament, the Infrastructure Development Bank of Zimbabwe Act [Chapter 24:14], and came into being on 1 September 2005 following the amendment of the Zimbabwe Development Bank Act. The amended ZDB Act broadened the original mandate to focus on long-term infrastructure finance and development.

The Bank has a broad based shareholding, including the Government of Zimbabwe, local institutional investors and foreign development finance institutions

Mandate:
The IDBZ’s mandate is to mobilize debt and equity funds for investment by public and private institutions involved in infrastructure development in key economic sectors that include energy, transportation, housing, water, communications, and any other infrastructure critical for national development. The Bank’s major objectives derived from the Infrastructure Development Bank of Zimbabwe Act are as follows:

• the mobilization of debt and equity funds from both internal and external sources drawn mainly from private and public sector investor-institutions, to include Government and quasi-government institutions for investment in infrastructure projects.
• the promotion of economic development and growth through investment in infrastructure development in all sectors such as energy, housing, water, agriculture, transport, information communication technology and other infrastructure critical for national development;
• to development institutional capacity in business undertakings and enterprises of all kinds in Zimbabwe through enhanced capacity-building and utilization;
• the improvement of overall living standards and quality of life of Zimbabweans through the development of infrastructure which includes roads, dams, water reticulation, sewerage, housing, technology, and other amenities and utilities for both urban and rural communities