CBZ injects US$10m into housing scheme

CBZ Holdings has invested US$10,4 million in low-cost housing development in the cities of Gweru and Mutare with plans to extend the scheme to Bulawayo and Kwekwe, an official has said.

Fidelity Mhlanga

CBZ bank CEo Never Nyemudzo told businessdigest last week that despite the effects of the liquidity crisis, the uptake of housing in Gweru’s Senga high-density suburb and Mutare’s Chikanga high-density suburb was reasonable at between 45 and 50% .

“For the Senga project the bank has spent US$8,3 million while US$2,1 million was spent in Chikanga and we are already in discussion with authorities there to acquire more land so that we go into various phases so that our presence in those locations to become permanent,” he said.

READ ARTICLE: http://www.theindependent.co.zw/2015/08/14/cbz-injects-us10m-into-housin...