Zimbabwe's Minister urges building societies to resume mortgage lending to help workers become homeowners amid local currency volatility.
Zimbabwe's Public Service, Labour and Social Welfare Minister, July Moyo, urges building societies to resume mortgage lending to help workers become homeowners amid shrinking disposable incomes due to local currency volatility. The government aims to encourage building societies to lend at affordable prices for various income groups, as Zimbabwe faces a housing backlog of over 1 million units. The National Building Society (NBS) has started a housing project in Glaudina, Harare, to address the issue.
July 08, 2024
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