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CBZ launches mortgage finance products for Zimbabwean diasporans

by Staff reporter
14 Jun 2024 at 07:29hrs | Views
CBZ Holdings Limited (CBZHL), Zimbabwe's largest financial services provider, has launched new Mortgage Finance products aimed at Zimbabweans in the diaspora ahead of the Zim Diaspora Property Showcase. This initiative aims to facilitate property ownership for diasporans who have faced challenges securing financing locally due to their distant locations.

The Mortgage Finance offerings, unveiled in preparation for the showcase organized by Seeff Zimbabwe in Birmingham, United Kingdom on July 13, will cater to various needs including acquiring stands, building new properties, purchasing existing properties, and making property improvements. Chenai Chiketsani, CBZHL's Divisional Director Mortgage Finance, highlighted these products, emphasizing CBZ Bank's commitment to engaging with diasporans interested in investing in Zimbabwean real estate.

The showcase will provide a platform for diasporans to explore opportunities in the Zimbabwean property market, with participation from experts in real estate, property development, legal, finance, and construction sectors. CBZ Bank aims to support diasporans economically by leveraging Zimbabwe's land bank to develop housing solutions and increase housing stock in various locations including Gweru, Kwekwe, Mutare, and Harare suburbs like Ardebennie, Barrington, Glen View, and Mufakose.

Chiketsani affirmed CBZHL's role as a key player in the housing sector, facilitating economic empowerment through mortgage financing. The event is open for free registration, underscoring CBZ Bank's strategic focus on supporting Zimbabwean diasporans through accessible and tailored financial solutions. CBZHL, a subsidiary of a diversified and listed financial services group, offers a comprehensive range of services including banking, insurance, asset management, and agriculture and property investments.

Source - newzimbabwe