CABS, a subsidiary of Old Mutual Zimbabwe, is set to build over 2,700 housing units in Bulawayo's Nkulumane suburb to provide housing for low income earners.
Old Mutual group chief executive officer Jonas Mushosho said they have engaged the Bulawayo City Council which has since provided them with the land for the project in Nkulumane.
He said servicing of the land would be done before the end of the year then the project will start with the construction of 1000 housing units.
Mushosho would not be drawn into revealing how much had been invested into the Nkulumane housing project citing professional reasons.
He said construction of the houses under the project was being done under the Old Mutual Housing Fund aimed at easing accommodation challenges in the country.
Over 100,000 residents in Bulawayo are on the housing waiting list.
- Chronicle
0