ZB Injects U.S.$5 Million Into Zimbabwe Housing Projects
ZB financial holdings Ltd has so far spent US$5 million in developing housing units in Beitbridge, Hatfield and Ruwa, an official has said.
The group’s financial director Fanuel Kapanje told businessdigest on the sidelines of the company’s analysts and media briefing on Wednesday that 700 housing stands were sold to individuals with the construction of more houses set to commence in Ruwa and Beitbridge soon.
“For Hatfield and Ruwa we spend about US$2 million each and US$1million for Beitbridge. We have sold 700 stands in Ruwa and for the 100 units left we want to construct houses and the construction is starting in the second half. We want to give people mortgage for 20 years. For Beitbridge we are targeting 150 housing units but there were some offside services that need to be done by the council which have been completed and now that council has completed we now moving in to set up some demo housing units,” he said.
Kupanje said most of the major work in Hatfield housing units was finished by end of April this year, but residual activities like electricity connection were recently finalised.