idbz logo 06-09-10.jpgStakeholders in the business sector have urged the government to continuously channel resources towards the Infrastructure Development Bank of Zimbabwe (IDBZ) to enhance the development of infrastructure facilities.

 

The call by the business sector comes at a time when infrastructure development has been lagging behind owing to economic challenges induced by sanctions imposed on the country by Britain and its allies.

 

Affirmative Action Group Harare Chapter Chairman, Mr Charles Nyachowe said the development of infrastructure facilities is critical in turning the fortunes of the country’s economy and as such the IDBZ should be capacitated.

 

“The bank should be capacitated to ensure that it carries out its mandate of promoting infrastructure development. It should also look at ICT infrastructure which is critical in the global village,” Mr Nyachowe said.

Businessman, Mr Godfrey Dupwa said capacity building for the bank is critical in enhancing infrastructure development in the country.

 

“The bank is the nerve centre of infrastructure investment, hence the need to ensure that funds are channeled towards this cause,” said Mr Dupwa.

IDBZ was launched by the government as a vehicle for the mobilisation of infrastructure development in Zimbabwe, with finance from both domestic and international sources.