US firm signs $1bn investment deal

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An  American company, Hondius Capital Management, signed a $1 billion investment partnership with the Infrastructure Development Bank of Zimbabwe (IDBZ), with a view to bankrolling Zimbabwe’s mining and infrastructural development projects.

The firm, which is headquartered in New York, will mobilise funding for the projects in partnership with Zimbabwe in terms of the agreement.

Zimbabwe signed the partnership after a due diligence exercise that confirmed the financial capacity of Hondius Capital.

Speaking at the signing ceremony in Harare yesterday, chairperson of the One-Stop Investment Services Centre (OSISC) Dr Washington Mbizvo said the project would benefit Zimbabwe a great deal.

Source – Herald

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