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CBDs struggle as suburbs gain traction
Zimbabwe's property market is grappling with a complex mix of economic pressures and changing tenant preferences, according to a recent report by Knight Frank.Vacancy rates in prime urban area...Published: 10 Jun 2025 at 08:47hrs | 314 | by Staff reporter
CBZ launches mortgage finance products for Zimbabwean diasporans
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 Showcas...Published: 14 Jun 2024 at 07:29hrs | 123 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 6 | by Staff reporter
Stanbic targets diaspora property investment through UK expos
Stanbic Bank Zimbabwe is taking part in two property, trade and investment expositions to be held in the United Kingdom (UK) this week and next to unlock investment in residential and commercial prope...Published: 14 Sep 2022 at 12:14hrs | 1 | by Agencies
Stanbic targets diaspora property investment
STANBIC Bank Zimbabwe is taking part in two property, trade and investment expositions in the United Kingdom (UK) this week targeting investment in residential and commercial property for Zimbabweans ...Published: 14 Sep 2022 at 05:54hrs | 2 | by Staff reporter
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | | by Staff reporter
Stanbic Bank Targets Diasporans To Build Houses Back Home
Harare, 27 October 2021 - Stanbic Bank is committed to playing its part in assisting Zimbabweans in the diaspora to build and own houses back home through its mortgage finance facility tailor-made for...Published: 27 Oct 2021 at 14:33hrs | 31 | by Staff Reporter
CBZ Holdings retrenches
ZIMBABWE'S largest financial services group, CBZ Holdings (CBZH), has retrenched more than 100 employees as banks reel under the worsening economic environment, NewsDay can exclusively reveal....Published: 24 Jul 2019 at 08:15hrs | 1 | by Staff reporter
Mortgage loans up 44%
A total of $98,7 million mortgage loans were advanced to clients in the seven months to July 2018, an industry official has said. The figure is 44,3 percent more than the $55 million which was extende...Published: 02 Oct 2018 at 09:36hrs | 2 | by Staff reporter
Producers speak on cement crisis
National cement demand has surged since the second half of last year, driven by a reported bubble in mortgage and construction activity, amidst mounting supply-side challenges related to foreign curre...Published: 04 Sep 2018 at 06:37hrs | 1 | by Staff reporter
BCC collects over $7m from building plans
THE Bulawayo City Council (BCC) has collected more than $7 million in revenue from building plans that were approved between November and December last year as various construction projects are in the...Published: 13 Feb 2018 at 05:30hrs | | by Staff reporter
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 ...Published: 12 Feb 2018 at 05:41hrs | | by Staff reporter
Contractor takes over Egodini site
BULAWAYO City Council (BCC) has handed over the Egodini site to project developers after reaching a deal with property owners whose premises will be demolished to pave way for the construction of a ma...Published: 30 Jan 2018 at 06:02hrs | | by Staff reporter
Zimdef loses millions in stands scandal
THE Zimbabwe Manpower Development Fund (Zimdef) could have lost millions of dollars after a bank (name withheld) in which it invested $5 million offered to settle the debt with a piece of land compris...Published: 20 Dec 2017 at 23:06hrs | 7 | by Staff Reporter
Steward Bank cuts interests rate, offers housing development mortgage
STEWARD Bank has cut its interests rate to below eight percent and joined the bandwagon of institutions that offer mortgage facilities to clients for housing development.The bold move is likel...Published: 09 Aug 2017 at 09:48hrs | 1 | by Staff Reporter
Pensioners' benefits increase
The National Social Security Authority (NSSA) will from next month start giving out $800 for funeral enhancement for pensioners with an upward pension payments review set for the second quarter of...Published: 29 Mar 2017 at 16:36hrs | | by Staff reporter
Mugabe renting $500,000 Dubai villa
THE legal dispute over the botched purchase of a US$1,35 million diamond ring between the First Lady Grace Mugabe and Lebanese businessman Jamal Ahmed, has opened a can of worms amid revelations that ...Published: 20 Jan 2017 at 05:57hrs | 2 | by Staff reporter
POSB starts offering mortgage loans
THE People's Own Savings Bank has started providing mortgage loans to individuals intending to buy a complete structure, build or purchase a residential stand, an official has said. "They have...Published: 27 May 2016 at 06:29hrs | | by Martin Kadzere
POSB to roll out mortgage schemes
THE People's Own Savings Bank (POSB) says it is ready to roll out a mortgage scheme to hundreds of its clients to support housing development in the country. The state-owned bank has already r...Published: 29 Feb 2016 at 08:01hrs | | by Bianca Mlilo
Mbare hostels to be demolished
Harare City Council has resolved to demolish some of its ageing Mbare Hostels to pave way for the construction of 10 000 modern housing units. Mbare councillor, Martin Matinyanya said the move...Published: 04 Jan 2016 at 07:02hrs | | by Staff reporter
POSB to issue housing loans
THE People's Own Savings Bank has obtained a licence from the Reserve Bank of Zimbabwe to start a mortgage finance division to tap into growing demand for housing. The mortgage loans period wi...Published: 28 Sep 2015 at 06:40hrs | | by Staff reporter
Bunjira in bank loan fraud
A POPULAR Mutare businessman - Davison Bunjira - who owns BBC Hardware Wholesale is embroiled in a house-loan scandal in which he allegedly fraudulently acquired a bank loan using title deeds of a pos...Published: 20 Jun 2015 at 14:09hrs | | by Abel Zhakata
CBZ picks new CEO
CBZ Holdings has appointed chartered accountant Never Nyemudzo as group chief executive officer replacing John Mangudya who was recently appointed new Reserve Bank of Zimbabwe (RBZ) governor.&nbs...Published: 04 Apr 2014 at 09:02hrs | | by Staff reporter
Demand for mortgage finance increases
ZIMBABWE is expected to register an increase in the number of mortgage lending applications for the year 2013 after the country surpassed the figure that it recorded for the whole year in the first 1...Published: 06 Dec 2013 at 04:14hrs | | by Business Reporter
FBC to surrender building society licence
Listed financial services group FBC Holdings, faced with the possibility of failing to meet new minimum capital requirements by 30 June, plans to surrender its FBC Building Society licence to regulato...Published: 07 Jun 2013 at 04:02hrs | 1 | by Business Reporter
CBZ projects total income growth of 10%
CBZH is expecting another good year in F13 with total income growth of 10% and further growth in assets of 19.5% on the back of diversified income and increased credit lines, CEO John Mangudya told a...Published: 27 Feb 2013 at 09:37hrs | | by Business reporter
CBZ records another solid set of financial results
CBZ HOLDINGS has posted yet another solid set of financial results in the full year to December 31, 2012, as profit after tax vaulted 48,4 percent to US$45 million, compared with US$30,3 million over ...Published: 27 Feb 2013 at 04:57hrs | | by Business reporter
National Housing Policy approved
Cabinet has approved the National Housing Policy, which seeks to address the challenges faced in housing development such as housing finance, promotion of housing cooperatives as well as coordinatin...Published: 15 Aug 2012 at 13:30hrs | 6 | by Staff reporter
Pearl Properties expects to grow its rental income
The property market has been characterised by limited demand for CBD offices and suburban retail space, despite this Pearl Properties expects to grow its rental income and occupancy levels through imp...Published: 23 Mar 2012 at 13:18hrs | | by Business reporter
Zim set to miss 2020 vision on housing due to liquidity and employment constrains
Zimbabwe is set to miss out on the 2020 housing for all vision due to current liquidity challanges and high rate of unemployment.Kingdom Financial Holdings Limited said in its weekly commenta...Published: 13 Feb 2012 at 10:48hrs | | by Alois Sibanda
CBZ splashes over $47m on mortgage lending
CBZ Bank Limited, one of the country's top four banks, has advanced over $47 million in mortgage lending since the beginning of the year, Daily News reported on Thursday.Laura Gwatiringa, CBZ ...Published: 17 Nov 2011 at 23:27hrs | | by Business Writer
New Harare upmarket residential estate to challenge Sandton and Bryanston
WORK has begun on the multimillion-dollar Beverly Hills Golf Estate that is billed to become the most prestigious and expensive residential area in Zimbabwe after Folyjon Crescent in Harare's Glen Lor...Published: 04 Sep 2011 at 07:31hrs | 6 | by Moyo Roy
Zimbabwe property market poised for growth
Many would argue that with everything going wrong in Zimbabwe, property is the last thing one would think of investing in.But estate agents operating in that country are confident that the pr...Published: 22 Jul 2011 at 13:29hrs | | by Ndou Paul
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