December 22, 2024
BULAWAYO — The Zimbabwe National Road Administration (ZINARA) is mobilising funds for the rehabilitation of the country’s rural roads which are currently at their worst following heavy rains received this year, the agency has said. The administration recently disbursed US$3 million to road authorities for the first quarter. …
BULAWAYO — Demand for cement in Zimbabwe has remained low owing to a depressed construction sector ravaged by a liquidity crunch in the economy, cement manufacturer, Lafarge Cement has said. The performance of the cement business is, however, not divorced from the poor performance of the economy, which…
CBZ Holdings is targeting to unlock value for its stakeholders through mortgage finance as it opens long term value in its land inventory. The country’s largest bank by assets said it would develop its US$66,7 million land bank where low cost housing would be constructed. Group chief executive officer,…
ZIMBABWE Stock Exchange-listed property counters have been experiencing mixed trading this February as investors appear to favour short-term investment counters for short term returns. Analysts cited the persistent liquidity crisis as the reason why investors were not attracted to property counters, which are usually long term investment options.…
Zimbabwe has witnessed weak demand for properties priced above US$300 000, creating a glut of properties beyond that price, a report has by Zimnat Asset Management has indicated. (more…)
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THE Reserve Bank of Zimbabwe (RBZ) says new policies put in place by government to encourage mortgage lending by banking institutions were important steps towards the development of housing. (more…)
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THE Industrial Development Corporation of Zimbabwe (IDCZ) says several leading local investors, including the National Social Security Authority (NSSA), insurance giant, Old Mutual and its subsidiary CABS which happens to be the country’s largest mortgage lender, have turned down its request to fund the development of its massive…
GOVERNMENT is battling to complete a number of key public infrastructure projects that have been outstanding for many years. (more…)
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LACK of mortgage finance for the residential property market has stifled growth in the sub sector, while robust demand recently registered for retail space was in danger of decelerating due to a slide in consumer demand, a leading property market player has said. (more…)
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GOVERNMENT says it will apply an affirmative action strategy in the construction industry starting this year, as it moves to rescue poorly-funded local players who have failed to compete with big firms for contracts. (more…)
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