Published by Authority
Vol. XCIX, No. 133 19th NOVEMBER, 2021 Price RTGS$196,00
General Notice 3378 of 2021. dedicated sinking fund was created with ring-fenced revenues
CONSTITUTION OF ZIMBABWE from the sale of stands for servicing the bond. A total of 92
stands will be serviced on 21.36 hectares.
Government Guarantee issued by the Republic of Zimbabwe: (b) The guarantee shall remain valid and in force until 31st
Infrastructural Development Bank of Zimbabwe (IDBZ,) August, 2025.
IT is hereby notified that the Minister of Finance and Economic HON PROF. M. NCUBE,
Development has, in terms of section 300(3) of the Constitution of 19-11-2021. Minister of Finance and Economic Development.
Zimbabwe, read with section 18(2) of the Public Debt Management
Act Chapter 22:21],1ssued the following Government Guarantee —
(a) Guarantee, binding the Government of Zimbabwe as surety
for the repayment by IDBZ of the value subscribed through
the bonds up to a total amount not exceeding two hundred
million Zimbabwean Dollars (ZWL$200 000 000,00) being
accrued interest of ZWL$15 500 000,00, (being 7.75% of the General Notice
capital sum) per annum, onthe bonds issued by IDBZ in 2021,
for the Sumben Housing Project Mount Pleasant, Harare for Number Page
the financing of the development of a low density residential
area in Mt Pleasant, in the event that IDBZ industries default 3378. Constitution of Zimbabwe: Government Guarantee issued by the
on its contractual obligations. The proceeds from the sale of Republic of Zimbabwe: Infrastructural Development Bank of
Zimbabwe (IDBZ) 2059
developed stands will be used as a source of repayment. A
Printed by the Government Printer, Harare. 2059