IDBZ - Infrastructure Development Bank of Zimbabwe
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IDBZ

Official Certification
country-flagZimbabwe
Commercial Bank
20 Year
Current Enterprise Rating

5.00

Industry Rating
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Basic Information

Full Name Of The Enterprise
Full Name Of The Enterprise
Infrastructure Development Bank of Zimbabwe
Country
Country
Zimbabwe
Enterprise Classification
Enterprise Classification
Registration Time
Registration Time
2005
Business Status
Business Status
Active

Regulatory Information

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IDBZ Enterprise Introduction

The Infrastructure Development Bank Of Zimbabwe (IDBZ) Is A State-owned Development Bank In Zimbabwe That Provides Long- And Medium-term Funding For Critical Infrastructure Projects, Including Transport, Housing, Energy, Information Communication Technology, Water And Sanitation.

Location

The Bank's Headquarters Is Located In The IDBZ Building In Harare, The Capital Of Zimbabwe, At 99 Gamal Abdel Nasser Road. The Geographical Coordinates Of The Bank's Headquarters Are: 17 ° 49 '59.0 "S, 31 ° 02' 23.0" E (Latitude: -17.833056; Longitude: 31.039722)

The Bank Has A Branch At 263 Leopold Takawilla Avenue In Kumalo, Bulawayo City, Zimbabwe's Second Largest City, Approximately 438 Kilometers (272 Miles) Southwest Of Harare.

Overview

IDBZ Was Established On 31 August 2005 To Take Over The Assets And Liabilities Of The Former Development Bank Of Zimbabwe (the "Development Bank Of Zimbabwe"). Its Main Purpose Is To Promote Economic Development, Economic Growth And Improve The Standard Of Living Of Zimbabweans Through The Development Of Infrastructure. Infrastructure Includes Projects Such As Energy, Housing, Transport, Information Communication Technology (ICT), Water And Sanitation. The Bank Is An Infrastructure Development Financial Institution Group.

As Of 31 December 2017, The Total Asset Value Of The Bank Was $188,983,280, Of Which The Shareholders' Equity Was $54,780,479. In Late August 2018, The Zimbabwean Government Increased The Bank's Equity And Capitalisation By $150 Million, Bringing The Bank's Total Assets To Over $330 Million And The Shareholding Ratio To Over $200 Million.

Board Of Directors

As Of September 2018, The Board Of Directors Of IDBZ Consists Of The Following:

  • Willard Lowenstern Manungo: Chairperson
  • Thomas Zondo Sakala: Chief Executive Officer
  • Vavarile Humwe Joga
  • Nelson Kudenga
  • Joseph Makayakola
  • Shadrek Sarri Mlambo
  • Margaret Mazwita Mukahana-Sangawi
  • Charles Simbarash Tava

Management

As Of September 2018, The Management Team Of IDBZ Is:

  • Thomas Zondo Sakala: CEO
  • Desmond Matete: Director Of Infrastructure Projects
  • Cassius Gambinga: CFO
  • Phillip Tadiwa: Director Of Enterprise Services And Human Resources.

IDBZ Enterprise Security

https://www.idbz.co.zw/
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