FINANCIAL SERVICES

ZB adjusts housing project costs

ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...

By Staff reporter | Published: 04 February 2019

CONSTRUCTION & PROPERTY

ZB avails 708 Plumtree housing stands

ZB BANK has availed 708 housing stands in Plumtree Town, which have since been opened up for sale to prospective home seekers in a partnership with the local authority. Speaking in Bulawayo during a b...

By Staff reporter | Published: 17 September 2018

FINANCIAL SERVICES

Council rescinds housing deal with NBS

Harare City Council has rescinded its decision to enter into partnership with the National Building Society (NBS) to develop over 300 residential stands for low-income earners after council accused th...

By Staff reporter | Published: 03 July 2018

BUSINESS NEWS

Govt sets aside $150m for Command Housing

Government is committed to ensuring decent and dignified accommodation for every citizen, Local Government, Pubic Works and National Housing Minister July Moyo has said. Addressing thousands of Zanu-P...

By Staff reporter | Published: 19 June 2018

CONSTRUCTION & PROPERTY

IDBZ sitting on $36m housing portfolio

AFTER servicing and delivering 1 061 housing stands, the Infrastructure Development Bank of Zimbabwe (IDBZ) is presently servicing 4 227 housing stands valued at $36 million, the State-owned group sai...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

Zim to host housing finance workshop

The African Union for Housing Finance (AUHF), a member-based association of 61 mortgage banks, building societies, housing corporations and other organisations involved in the mobilisation of funds fo...

By Staff reporter | Published: 12 June 2018

CONSTRUCTION & PROPERTY

IDBZ raises $26m for housing

The Infrastructure Development Bank of Zimbabwe (IDBZ) raised $26,6 million in 2017 for housing projects across the country, as it pressed ahead with its mandate of infrastructure financing. This come...

By Staff reporter | Published: 12 June 2018

BUSINESS NEWS

Ex-NSSA boss in court over $78m housing deals

NATIONAL Social Security Authority (NSSA) former top official, Tirivavi James Chiuta, appeared at the Harare Magistrates' Court yesterday facing charges of criminal abuse of office after he allegedly ...

By Staff reporter | Published: 06 June 2018

CONSTRUCTION & PROPERTY

CBZ renews hope in Vic Falls housing scheme

CBZ Bank has assured beneficiaries of its housing scheme in Victoria Falls that they will not lose out after it emerged that some of the residential stands had been double-allocated by the council.In ...

By Staff reporter | Published: 01 June 2018

FINANCIAL SERVICES

IDBZ acquires 100 hectares for housing

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has concluded the acquisition of 100 hectares of land across the Masvingo-Beitbridge highway for the development of housing projects.Last year, t...

By Staff reporter | Published: 01 June 2018

BUSINESS NEWS

Astra eyes massive Govt housing project

THE country's sole accredited hydraform brick moulder, Bulawayo-based Astra Building Centre is targeting to play a big part in fulfilling Zanu-PF's aspirations of constructing 1,5 million houses in th...

By Staff reporter | Published: 13 May 2018

POLITICS

$150 million for Command Housing

GOVERNMENT has issued a $150 million bond to kick-start the Command Housing Programme, which is part of Zanu-PF's sustainable development programmes to deliver more than a million houses by 2023.The r...

By Staff reporter | Published: 12 May 2018

BUSINESS NEWS

CBZ housing scheme beneficiaries to lose residential stands

THE estimated 1 300 beneficiaries of the CBZ housing scheme in Victoria Falls might lose their residential stands after the local authority recently threatened to repossess the stands over non-payment...

By Staff reporter | Published: 10 May 2018

MINING & RETAIL

Lafarge banks on affordable housing

LAFARGE Cement Zimbabwe is prospecting for affordable housing projects in and around Harare after it delivered 85 housing units in the capital.The company's communications manager, Tsungie Manyeza tol...

By Staff reporter | Published: 09 May 2018

BUSINESS NEWS

Developers reduce housing backlog by 50%

PROPERTY developers in Masvingo have reduced the housing backlog in the city by more than 50 percent following the unveiling of land for development. Property developers who spoke to The Herald yester...

By Staff reporter | Published: 18 April 2018

BUSINESS NEWS

Zim military govt moots Command Housing

GOVERNMENT is working on a Command Housing project to expand housing facilities in old townships and areas to ease congestion.The idea mooted by President Emmerson Mnangagwa is aimed at elevating fami...

By Staff reporter | Published: 23 March 2018

FINANCIAL SERVICES

CABS injects $6m into Bulawayo housing projects

LEADING mortgage lender Central African Building Society (CABS) says it has invested in excess of US$6 million in Pumula South and Nkulumane housing stands with the combined uptake, including the Budi...

By Staff reporter | Published: 16 March 2018

CONSTRUCTION & PROPERTY

NBS completes 50 housing units in 100 days

THE National Building Society (NBS) has completed construction of 50 houses at the Magakoosha Housing Site in Shurugwi.The bank partnered River Valley Properties who serviced the land for the project ...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

Banks to fund more housing units

THE number of new housing units funded through mortgage financing by the banking sector is this year expected to rise by 103.7 percent to 11 611.Last year, the banking sector advanced $172.08 million ...

By Staff reporter | Published: 12 February 2018

CONSTRUCTION & PROPERTY

IDBZ to roll out massive housing projects

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has mobilised $8.1 million through private placement of housing bonds and would before the end of the year roll out massive housing development p...

By Staff reporter | Published: 11 September 2017

FINANCIAL SERVICES

Storm over Fidelity's housing project

Listed financial services group, Fidelity Life Assurance Company, is in the eye of a storm after failing to honour its side of the bargain to purchasers, who bought residential stands at its South Vie...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Harare City Council, banks in housing deal

Harare City Council has partnered two local banks to develop residential stands for low-income earners around the city with an initial project targeting more than 1 200 stands.The city entered into a ...

By Staff reporter | Published: 04 September 2017

FINANCIAL SERVICES

NBS targets 10 000 housing units by year-end

THE National Building Society (NBS) is targeting to fund the construction of 10 000 high to medium density housing units by the end of this year after partnering with private property developers to ad...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Housing scheme divides civil servants' unions

THE government's recent offer to provide housing units for its employees has left civil servants' unions sharply divided, with the Progressive Teachers' Union of Zimbabwe (PTUZ) rubbishing the scheme ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Civil servants housing scheme details out

Government workers will pay a minimum monthly contribution of US$150 under the Civil Service Housing Scheme, with construction scheduled to begin this year.State officials and civil servants' represen...

By Staff reporter | Published: 23 July 2017
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