IDBZ targets land assets

THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it is engaging the government to secure land assets, which would help bolster its balance sheet.
This comes after the financial institution recently undertook a rights issue for $1,75 billion in the last quarter of 2021 as part of its recapitalisation programme, which it says will see the rollout of various capital initiatives in the next five years.

IDBZ chairman Joseph Mutizwa said the rights issue received support from the bank’s shareholders, allowing the injection of critical financial resources to support oper