CBZ Bank is raising US$300 million offshore to unlock property developments in Harare's central business district. Speaking at the Imara Zimbabwe investment conference in Harare last week, the bank's chief finance officer, Mr Never Nyemudzo, said negotiations with financiers had reached closing stages.
"We are in the process of securing US$300 million for property developments in the CBD and to finance mortgages," he said.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article