THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management.
The Central Bank floated the tender, which was closed yesterday, through a public notice issued last Friday where it invited bidders from the financial services sector to subscribe to the TBs.
“RBZ on behalf of the Government of Zimbabwe hereby invites commercial banks, building societies, POSB (People’s Own Savings Bank) and IDBZ (Infrastructural Development Bank of Zimbabwe) to subscribe to Government Treasury Bill Tender amounting to $400 million,” said the monetary authority.
The TBs, which were allotted to successful bidders yesterday, have special features including prescribed asset status, liquid asset status, tax exemption and acceptability as collateral for overnight accommodation at the central bank.
Student hostels construction 69% complete
Judith Phiri, Sunday News Reporter
CONSTRUCTION of the US$14.8 million upmarket accommodation facility to house more than 1 000 students in Bulawayo by the Infrastructure Development Bank of Zimbabwe (IDBZ) has gathered pace with 69 percent complete and is expected to be completed by November 2021.
Responding to questions from Sunday Business, IDBZ chief executive officer, Mr Thomas Zondo Sakala said the Bulawayo Students Accommodation Project (BSAC), which is under construction at an estimated cost of US$14.8 million was at 69 percent complete and is expected to be fully completed in November 2021.
“The project is being undertaken through a joint venture between the IDBZ and three institutional investors, namely Old Mutual, Zimnat and Motor Industry Pension Fund. Overally, the project is currently 69 percent complete and is expected to be fully completed in November 2021, with the operational date set to be the first semester of 2022,
President Calls for Completion of Mhandamabwe Road
December 28, 2020
President Mnangagwa has ordered Treasury to release funds for the completion of rehabilitation works on the Chivi-Mhandamabwe Road which links Beitbridge Border Post to western parts of the country.
Rehabilitation works on the road stopped early this year owing to funding constraints after 30km out of 48km had been covered.
The road links Chibi Turn-Off Business Centre, off the Harare-Beitbridge highway, with Mhandamabwe Growth Point in the rural Chivi heartland.
Mhandamabwe is strategically located with a network that links it to Zvishavane and Bulawayo, Gweru, Masvingo City and Beitbridge, making the road a key passageway for goods and human traffic.
Zimbabwe: President Calls for Completion of Mhandamabwe Road allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
President calls for completion of Mhandamabwe Road
From George Maponga in Masvingo
President Mnangagwa has ordered Treasury to release funds for the completion of rehabilitation works on the Chivi-Mhandamabwe Road which links Beitbridge Border Post to western parts of the country.
Rehabilitation works on the road stopped early this year owing to funding constraints after 30km out of 48km had been covered.
The road links Chibi Turn-Off Business Centre, off the Harare-Beitbridge highway, with Mhandamabwe Growth Point in the rural Chivi heartland.
Mhandamabwe is strategically located with a network that links it to Zvishavane and Bulawayo, Gweru, Masvingo City and Beitbridge, making the road a key passageway for goods and human traffic.