NBS to deliver 200 housing units

Zim Now Writer

The National Building Society, which delivered 600 housing units in its Dzivaresekwa scheme in 2022, is set to deliver another 200 in Tynwald by the second quarter of this year.

This comes as NBS focuses its operations on ensuring that they opened doors to ordinary Zimbabweans in order to empower them financially.

NBS managing director Tapera Mushoriwa said the financial institution is aiming at playing its part in the delivery of housing units by 2025.

“In the second half of 2022, our strategic focus was on the establishment of a corporate banking unit which sort of brought a lot of attraction from corporates who wanted to be on corporate mortgage schemes,” he said.

“At this stage, we felt compelled as a bank, to wind up on legacy projects. We wound down on our biggest project and sealed the year by delivering on the Dzivaresekwa project which saw 600 houses being completed and commissioned.

“We are impressed with the progress regarding this project as there was a rush on the houses. With this, we then deliberately moved to pursue more projects of this magnitude and also expand our corporate banking portfolio.”

Mushoriwa said the NBS is partnering with councils to deliver affordable housing to Zimbabweans. “Under our product ‘Ramangwana Ilakusasa,’ we have gone a step further to look at delivering affordable housing in the peri-urban areas. This will empower people within the public service,” he said.

The NBS MD said the bank had partnered with key stakeholders such as mining companies and State-owned enterprises to expand their 2022 delivery output.

“So, we are not going to be doing it alone, we are inviting everyone to come in with their different proposals so that we can feed into the housing delivery mandate,” he said.