IDBZInfrastructure Development Bank of Zimbabwe (Harare, Zimbabwe)
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Nick Nyamambi, IDBZ projects coordinator for the infrastructure projects division, said with highly liquid state bonds as a precursor for other private industry bonds, it was important for regional players to encourage the growth of an effective bond market.
It was resolved that the focus of the bond issue be on the power sector, which is a key enabler in the economy," IDBZ said.
The council had proposed that they needed US$13 million and the IDBZ only channeled US$991 000 leaving a huge gap that needs to be funded, for drainage and filter beds.