U.S. Hondius Capital inks $1 billion deal with Zimbabwe's IDBZ

New York-based hedge fund sponsor 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.

Zimbabwe signed the partnership after a due diligence exercise that confirmed the financial capacity of Hondius Capital. The agreement commits the government to contribute $200 million and Hondius the balance.

Hondius will mobilise funding for the projects in partnership with Zimbabwe in terms of the agreement.

The funding will be mobilized from international investors, money markets a total of $800 million. This infrastructure development fund will be managed through IDBZ in support of infrastructure in energy, water, information technology, housing, manufacturing, mining and agriculture.