CBZ housing projects get US$15m boost

PAN-AFRICAN housing lender, Shelter Afrique Development Bank (ShafDB), has extended a US$15 million housing loan to CBZ Bank to finance housing projects and subsequent mortgage origination.

ShafDB is a leading pan-African institution committed to financing and advancing housing, urban and related infrastructure developments.

The deal with CBZ comes as housing availability remains low nationally owing to poor financing and mortgaging facilities, despite Zimbabwe having a housing backlog of over one million.

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