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Property

Masholds profits slide

PROFIT after tax at Mashonaland Holdings Limited dipped by US$281 000 during the half year to March 31, 2016 as growth at the listed property giant was stifled by a deepening economic crisis highlighted by mounting vacant space in buildings. (more…)

Harare in hotel venture

THE City of Harare has started scouting for an investor in the construction of a five-star international hotel on a 20-hectare piece of land in the Kopje area that until recently had been earmarked for the construction of a Parliamentary building, the Financial Gazette’s Property News can reveal.…

Gulf complex idle

THE business complex that the City of Harare developed in partnership with an international property developer along Simon Mazorodze in Mbare appears to have become a white elephant as businesses struggle due to the country’s harsh economy. (more…)

IDBZ in another Masvingo storm

MASVINGO — For the Infrastructural Development Bank of Zimbabwe (IDBZ), Masvingo city is a “cursed” investment destination. For the second time in a decade, another housing project funded by the bank has stirred controversy and the matter has taken the same course as the first; it has been…