News / National
Zimbabwe ranked number one in housing cooperatives - Zanu-PF Minister
28 Jul 2016 at 06:49hrs | Views
Despite the alarming housing crisis in Zimbabwe - Small to Medium Enterprises Minister Sithembiso Nyoni has claimed that the country is ranked number one in the issue of housing cooperatives.
Speaking in parliament Nyoni said co-operatives in Zimbabwe fall under seven categories and these are: the housing co-operatives, fishing, manufacturing, agriculture, services which includes transport and catering, savings and credit co-operatives and mining cooperatives.
"I will begin with the housing co-operatives. The first housing co-operative, Kugarika Kushinga was launched in 1989. The housing cooperatives are the largest sector contributing 83% of registered cooperatives in the country. Between 2010 and 2015, the housing cooperatives built 99 840 houses for themselves; 46 267 of which are at various stages of completion," she said.
"The following cooperatives have received their title deeds in Harare alone: Mupedzanhamo in Glen Norah with 800 members, Three Stars in GlenView with 40 members, Kambuzuma in Kambuzuma with 101 members, Mufakose in Budiriro 1 with 70 members, Sunshine in Crowborough with 71 members, Rutendo in Budiriro with 43 members and New Generation in Dzivarasekwa with 15 members."
Nyoni said Zimbabwe is being ranked as number 1 in housing cooperative development in the whole of Africa with over 4 000 registered housing cooperatives whose membership is over half a million nationwide.
"This is according to the International Cooperative Alliance Report of 2015. Malawi, South Africa and Uganda have visited Zimbabwe to learn from our experience," she said.
Speaking in parliament Nyoni said co-operatives in Zimbabwe fall under seven categories and these are: the housing co-operatives, fishing, manufacturing, agriculture, services which includes transport and catering, savings and credit co-operatives and mining cooperatives.
"I will begin with the housing co-operatives. The first housing co-operative, Kugarika Kushinga was launched in 1989. The housing cooperatives are the largest sector contributing 83% of registered cooperatives in the country. Between 2010 and 2015, the housing cooperatives built 99 840 houses for themselves; 46 267 of which are at various stages of completion," she said.
"The following cooperatives have received their title deeds in Harare alone: Mupedzanhamo in Glen Norah with 800 members, Three Stars in GlenView with 40 members, Kambuzuma in Kambuzuma with 101 members, Mufakose in Budiriro 1 with 70 members, Sunshine in Crowborough with 71 members, Rutendo in Budiriro with 43 members and New Generation in Dzivarasekwa with 15 members."
Nyoni said Zimbabwe is being ranked as number 1 in housing cooperative development in the whole of Africa with over 4 000 registered housing cooperatives whose membership is over half a million nationwide.
"This is according to the International Cooperative Alliance Report of 2015. Malawi, South Africa and Uganda have visited Zimbabwe to learn from our experience," she said.
Source - Byo24News
