Mash Holdings H1 profit up 50pct

HARARE, May 26 (The Source) – , Mashonaland Holdings after tax profit for the half year to March 31 grew 51 percent on the prior year to $984,748 after fair value adjustments in quoted securities. However, group revenue was 16 percent down to $2.4 million… Read More

Low FDI hits real estate hard

HARARE, April 10 (The Source) – Zimbabwe is experiencing an oversupply and underutilisation of industrial space due to closure of manufacturing firms and low influx of foreign direct investment, according to a leading real estate consultancy. Zimbabwe remains an FDI leper, with inflows declining from… Read More

IDBZ to float more housing bonds

HARARE,  March 2 (The Source) – The Infrastructure Development Bank of Zimbabwe (IDBZ) says it intends to float more bonds to raise financing for its housing development projects but at a lower yield rate in line with current interest rates. The state owned institution was… Read More

NBS launches $2 million housing project

By Ruth Ngwenya HARARE, October 20 (The Source) – Zimbabwe’s newest mortgage lender, National Building Society (NBS), on Thursday launched its first housing project valued at $2 million under an agreement with Lafarge Cement. The mortgage lender, which opened its doors in May, is wholly… Read More