12 °c
London
Friday, June 9, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Economy

Zimbabwe to float infrastructure bond

FurtherAfrica by FurtherAfrica
January 6, 2016
in Economy, FDI, Finance, Government, Zimbabwe
Reading Time: 1 min read
1k 54
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Zimbabwe government will this year float an infrastructure development bond with a view to mobilising resources for various capital projects.

The Minister of Finance and Economic Development Patrick Chinamasa has already sounded insurance and pension houses to prepare to subscribe to the infrastructure development bond.

“I have given notice to insurance and pension companies that I shall float an infrastructure bond to be subscribed by them. This is in the mobilisation of resources to put our infrastructure which is critical to our economic take off,” said Minister Chinamasa recently.

He said domestic resource mobilisation is not an end to financing development needs but is a must born out of necessity.

“As we try to ease pressure on the budget and to meet financing requirements for our infrastructure, Treasury will be issuing longer term instruments such as bonds,” said Minister Chinamasa.

“In order to improve transparency and confidence in the trading of Government securities, as well as ensure that the return on the securities reflects market conditions, issuance of securities will also be in the manner of the auction system,” he said.

The Government debt instruments will be tradable on the Zimbabwe Stock Exchange just like other stocks.

The ZSE has said that it is readying for trade in such instruments.

Overall requirements for infrastructural development for 2016 amount to $2,7 billion.

Source: The Herald

Related

Tags: billBonddevelopment bondPatrick ChinamasaTreasuryzimbabweZSE
ScanSendShare435Tweet272Share76Pin98Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Nigeria needs currency reform for US$1.5B World Bank loan, country director says
Economy

World Bank sees Kenya economy up 5% this year

by FurtherAfrica
June 8, 2023
Economy

IMF concludes 2023 article IV consultation with South Africa

by Rafael Carvalho
June 8, 2023
Economy

Ethiopia and Brazil keen to strengthen bilateral ties

by FurtherAfrica
June 8, 2023
Angola Portugal double taxation
Economy

Portugal announces new credit line for Angola

by FurtherAfrica
June 8, 2023
Economy

Zimbabweans drive stocks up 600% in rush to dodge currency crash

by FurtherAfrica
June 8, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Energy

Angola’s Sonangol and Chinese company sign MoU for Lobito refinery

by FurtherAfrica
June 9, 2023
0

Angola’s Oil Firm Sonangol and China National Chemical Engineering (CNCEC) last week in Beijing, China, signed a memorandum of understanding...

Read more

China-Africa trade expo to be held in China’s Changsha

June 9, 2023
Nigeria needs currency reform for US$1.5B World Bank loan, country director says

World Bank sees Kenya economy up 5% this year

June 8, 2023

IMF concludes 2023 article IV consultation with South Africa

June 8, 2023

Savannah energy’s Nigeria arm inks gas supply deal for local market

June 8, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,193 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?