Infrastructure finance marketing in Zimbabwe
Vektron Merchants finds infrastructure projects, sponsors and public owners in Zimbabwe for lenders, investors and contractors that want to finance or build there. We confirm the first meetings and plan the visit.
What does infrastructure finance marketing in Zimbabwe involve?
Zimbabwe is in arrears to the World Bank, the African Development Bank and the European Investment Bank, which limits their lending. The government is working through an arrears clearance and debt resolution process. Until that closes, projects need other sources: PPPs, local institutions and private capital. Infrastructure finance marketing in Zimbabwe means finding the projects and sponsors that can carry private money and reaching the people who control them.
Who are the main counterparties in Zimbabwe's infrastructure finance sector?
ZIDA runs the PPP unit and the special economic zone unit under the ZIDA Act, in force since February 2020. The Infrastructure and Development Bank of Zimbabwe (IDBZ) is a state development finance institution that can issue infrastructure bonds. The Ministry of Finance leads the arrears clearance process. Private sponsors, contractors and local banks make up the rest.
What a foreign company needs to prepare in Zimbabwe
A lender or investor needs to know early whether a project can draw multilateral money at all while the arrears remain. Investment projects need a ZIDA licence. Public tenders run through the PRAZ electronic procurement system, and suppliers must enrol before they bid.
What Vektron does, and what the client keeps
We build a list of projects, sponsors and public owners that fit the client's mandate and check each against public records and sanctions lists. Our staff reach the sponsors and project directors, confirm meetings, prepare the visit plan and introduce local advisers. Credit decisions, due diligence, legal advice, term sheets, negotiation and contracts stay with the client.
Questions
Who handles PPPs in Zimbabwe? ZIDA, through its public-private partnership unit.
Can the World Bank lend to Zimbabwe? Its lending is limited while Zimbabwe remains in arrears. The client should check the current position of each lender before building a structure around it.