Welcome to Infrastructure Development Bank of Zimbabwe (IDBZ)
The IDBZ was formed on the 31st of August 2005, taking over the assets and liabilities of the former Zimbabwe Development Bank (“ZDB”). It was primarily set up as a vehicle for the promotion of economic development and growth, and improvement of the living standards of Zimbabweans through the development of infrastructure, which includes but not limited to energy, transport, water and sanitation, information communication technology (ICT) and housing.
As part of the IDBZ’s mandate and mid-term strategy (2016-2020) focus on development of infrastructure in various sectors of the economy which includes housing, energy, transport, water & sanitation and ICT sectors, the Bank, in direct response to the Cholera outbreak, partnered the City of Harare in providing necessary emergency interventions on the core infrastructure in the most vulnerable areas and nodes.
Conveniently located close to Harare Drive and residents can easily access top rated schools, and entertainment all located in close proximity.The development is a distinct, attractive and environmentally sustainable community, with water, sewerage, roads and communal lighting serviced by IDBZ.
Currently there is an energy daily deficit of between 300 to 400 MW. In that regard the Zimbabwe Power Company is refurbishing small thermal power stations to add power to the national power grid and has already appointed contractors for the three thermal stations.
Given the growing demand for power and spiraling import bill, expansion of the existing Hwange Power Plant has been identified as key to alleviate the energy shortfall. The existing plant is thermal in nature with a large part using coal as power inputs.
This is a water and sanitation project being undertaken by Victoria Falls Municipality. The project is estimated to cost is US$12 million and will be funded through debt. The project will involve the rehabilitation of current water facilities.