Byo, Umguza councils fight for $100m project

ZIMBABWE Investment Authority chairperson, Nigel Chanakira has accused Bulawayo City Council and Umguza Rural District Council of chasing away potential investors by fighting over ownership of a yet-to-be-established $100 million housing project.

Speaking at the ongoing Local Government Economic Development Forum 2015 in Bulawayo yesterday, Chanakira said the two local authorities had clashed over who would get the rates after the houses are completed.

“As I speak right now, there is a $100 million project to reduce the one million house deficit between the City of Bulawayo and Umguza Rural District Council.

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