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IDBZ moves to rural infrastructure

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The Infrastructure Development Bank of Zimbabwe is readying a strategy to focus on the development of rural infrastructure as part of its mandate to support the economy. IDBZ, whose key mandate involves financing infrastructure covering areas such as energy, ICT, transport, housing and water and sanitation believes the rural economy is a potential key driver of demand, which could support the broader national economy. The strategy is in line with Sustainable Development Goal 9 which seeks to promote resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. On Monday, the IDBZ delegation, led by its CEO Thomas Sakala met the management of Mhondoro Ngezi Rural District Council where areas of potential co-operation were explored. These included road infrastructure, housing, tourism irrigation and water reticulation. The two teams also deliberated on the need to develop a master plan that shows an overall development concept of the district. This includes urban design, landscaping, infrastructure, service provision, circulation, present and future land use and built form. Sakala said the move by the IDBZ was done after realising the challenges the Rural District Councils were facing in terms of raising funding for infrastructure development. – Herald

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