Published: 12 May 2014

CBZ Holdings has begun work on the $18 million housing project in Gweru.

Laura Gwatiringa the group executive Marketing said the first phase which involved putting up the sewer system, water reticulation and roads would cost $8 million.

The second phase involving building of houses will commence in Q1 2015 and will see the construction of 1 095 houses at a cost of $10 million.

Gwatiringa said the Nehosho project would be financed by external lines of credit and international deposit mobilisation through the Cash Plus Housing savings product and employer assisted schemes.

The land in Nehosho in Gweru is part of the over $66 million land bank the group holds across the country.
- Sunday Mail

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