Funding IDBZ | CIFOZ - SUB CONTRACTORS | 
Infrastructural Development Bank of Zimbabwe (IDBZ) has set up a US$30 million credit facility mainly for the Construction Industry. The facility is divided into 2 tranches:
1. Loan Type: Medium to long term loans
Available Amount: US$10 million
Payment period: Payable between 3-5 years
2. Loan Type: Working Capital
Available Amount: US$20 million
Payment period: Payable within 12 months
Interest is labor based plus a margin that should not exceed 10% in total.
Members in need are being advised to apply for the loans from IDBZ.
| | President's Christmas Message |
|  As the year comes to a close and we celebrate the holidays with our friends, families and colleagues, we can take stock of the year and review our accomplishments, express our appreciation for the support we’ve received and recognize the challenges ahead. Year 2011 had its share of challenges for the Construction Industry, among them: shortages of funds, competition from foreigners, ever increasing utility costs and wages. On a positive note, 2011 was more of a success as most of our members were kept busy throughout the year. We hope and trust that the current trend will improve as we get into 2012. The festive season brings with it a feeling of wanting to spend quality time with our beloved ones and families. World over, this is the time that most people travel to places and explore the world. Construction plays a major role in making the period worthwhile through the building of exquisite tourism structures, dam walls, holiday accommodation and roads... >> Read more | | | |
|
