Chinese company, China Industrial International Group Zimbabwe intends to launch a US$10 million mortgage facility in Zimbabwe targeting low-cost housing developments.
A special envoy of Chinese President Xi Jinping visited Zimbabwe’s President Robert Mugabe last week to present three designs for a new $145m legislature China
Lack of major national projects and large commercial infrastructure projects saw Lafarge Cement Zimbabwe Limited report reduced revenues for the half year ended 30 June 2015.
Cement manufacturer PPC Zimbabwe is positive its acquisition of an indigenisation certificate in 2012 will enable it to forge ahead of competition as the building industry improves.
PPC Ltd. (PPC) has a shortlist of six candidates to succeed Ketso Gordhan as CEO and plans to make an appointment if shareholders vote to retain the board, Chairman Bheki Sibiya said.
PPC says it has bought the Industrial Development Corporation’s 20% stake in Ethiopia-based Habesha Cement Share Company for $13m, raising its share from 27% to 51%.
China Sunlight Africa will provide the Zimbabwean government with US$52m to be used in the construction of Gwayi-Shangani Dam in Matabeleland to help provide