December 22, 2024
THE City of Harare has approved the construction of hundreds of cluster houses across the capital. If the projects come to fruition, they will significantly ease the housing shortages and regulate rentals, although it is likely that only the few who can still afford will benefit. Minutes of…
A REGIONAL fund aimed at boosting economic growth in the Southern African Development Community (SADC) has been established. The Project Preparation and Development Facility (PPDF), which will be implemented through the Development Bank of Southern Africa (DBSA), is expected to fund the development of key infrastructure projects across…
DAWN Property Consultancy (DPC), which is majority controlled by the Zimbabwe Stock Exchange-listed Dawn Properties Limited, says it has launched a regional expansion programme that will see it capturing new markets in southern Africa, while consolidating its foothold in Zimbabwe, where it is among the key players. The…
ZIMRE Property Investments Limited (ZPI) says it has started development of a new housing project in Ruwa. Ruwa is about 20 kilometres east of Harare’s Central Business District (CBD). The Zimbabwe Stock Exchange-listed property developer will develop 238 stands at an estimated cost of US$5 million, a statement…
LAFARGE Cement Zimbabwe, the country’s second largest cement producer, said last week it posted a US$1,7 million loss before tax during the half year to June 30, 2014, from a profit of US$3,7 million during the comparative period last year. Profitability was overturned after Lafarge’s volumes retreat during…
ZIMBABWE Stock Exchange-listed property firm, Dawn Properties Limited, says it would soon start development of a cluster of flats in Harare at a cost of US$8 million. “A scheme to build 72, two and three bedroom garden flats on land that is already appropriately zoned is under consideration…
ZIMBABWE’S largest mortgage lender, Central African Building Society (CABS), is sitting on an unsecured parallel lending loan book of over US$127 million, while corporate banking loans including the Distressed and Marginalised Areas Fund stood at over US$100 million and the mortgage loan book at over US$130 million. This…
LISTED construction and manufacturing company, Masimba Holdings Limited is seeking partners to bailout struggling clients sitting on its US$19 million, inactive order book. Group finance director, Michael Tapera, told the Financial Gazette’s Companies & Markets (C&M) on the sidelines of the company’s analysts briefing last week that although…
ZIMBABWE Stock Exchange-listed short-term insurer, NicozDiamond, says it has entered the final phases of the development of its cluster housing units in Harare, where it has invested an additional US$100 million to see the project through. At least 20 units will enter the market soon, according to chief…
GOVERNMENT says it will invite international bids for the development of multipurpose properties at a proposed theme park in the resort town of Victoria Falls as part of its strategy to spur growth in the tourism sector. The theme park that was announced by Tourism and Hospitality Industry…
