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 government is struggling to secure capital to fund critical infrastructure projects owing to reduced investor interest.

According to Treasury, the government’s total investment requirement for infrastructure and utilities between 2021 and 2025 is US$19,68 billion.

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