THE Infrastructure and Development Bank of Zimbabwe (IDBZ) says it is exploring alternative funding sources to boost capital and enhance mandate delivery.
In the first half of 2024, the Government of Zimbabwe injected ZWL6 billion (approximately ZWG2,4 million) into IDBZ as capital support.
IDBZ’s chief executive, Zondo Sakala, noted that although the institution received a capital injection, its value was significantly eroded to US$0,18 million upon release due to rapid exchange rate depreciation in the first quarter of 2024.