GOVERNMENT has stepped up efforts to rehabilitate water supply and sewerage infrastructure in a number of urban centres after accessing donor funding. Recently, government said the Zimbabwe Multi-Donor Trust Fund (Zim-Fund), which is administered by the African Development Bank (AfDB), had released funding for the rehabilitation of water…

PLATINUM miner, Zimplats Holdings Limited, has said it is developing the Turf Village into one of the fastest growing urban centres in Zimbabwe. Turf Village is a housing scheme that has been undertaken by the country’s largest platinum firm to house thousands of its workers at the Ngezi…

GOVERNMENT, which has been battling to complete outstanding infrastructure development projects countrywide, has lined up more rehabilitation programmes over the next few years. This means in addition to the US$14 billion already required for a facelift of existing infrastructure, millions more would be required to complete the new…

ZIMBABWE’s rich are splurging to acquire expensive properties, despite a worsening liquidity crisis in the country. Houses on sale in most wealthy suburbs of Harare have been finding buyers, although at a slow pace. But the high prices that the few rich people are paying to acquire houses…

ANNA Njobo, who resides at an overcrowded and illegal Budiriro residential area in Harare, desperately loitered at a nearby housing project being undertaken by CABS, the country’s largest mortgage lender. Here, CABS is undertaking one of the largest low cost housing schemes in Zimbabwe, where at least 3…

THE country’s embattled property sector has been hit by a fresh wave of brain drain, a senior industry executive has revealed, warning that players must come up with measures to mitigate the migration of skilled workers. Edison Muvingi, managing director of the Zimbabwe Stock Exchange-listed ZIMRE Property Investments…

THE refurbishment of Princess Flats, which started early last year in the Central Business District, is almost complete and the property developer expects to hand over the project to the contractor soon. Knight Frank started work at the four-storey building owned by the National Railways of Zimbabwe Contributory…

THE property sector is likely to remain subdued due an unrelenting economic crisis characterised by serious liquidity constraints, a property concern has warned. In its abridged financial statement for the year ended March 31, 2014, Dawn Properties said its operations had been affected by the economic environment, indicating…

FIRST Mutual Holdings Limited (FML)’s property unit, Pearl Properties Limited, says it will invest at least US$100 million to develop a mixed-property facility at Golden Stairs in Mt Pleasant, Harare. FML group chief executive officer, Douglas Hoto, last week told the Financial Gazette’s Companies & Markets (C&M) on…