Home
About
Contact
Register
Login
Generate
WhatsApp Message
*Updated: NUST to get new accommodation buildings from Govt and IDBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ix Finance Minister Patrick Chinamasa has commended the Infrastructural Development Bank of Zimbabwe (IDBZ) for assisting the government in supplying housing. Chinamasa was speaking at the groundbreaking ceremony for an accommodation project at the National University of Science and Technology (NUST). The project is expected to alleviate the accommodation shortages which are bedevilling the institution. The project is designed to house 1,480 students and will cost $12 million. It will be bankrolled by three institutional investors. ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- Said Chinamasa: > Funding is being raised through a private placement of Perpetual, Non-Cumulative, convertible participating preference shares with a fixed dividend of 5 percent. The Preference Shareholders shall share in the residual income of the project,” said Finance minister Patrick Chinamasa at a groundbreaking ceremony for the project on Thursday. > IDBZ has managed to secure funding commitments from three institutional investors who are partnering the Bank to implement the project, with the Bank contributing the land (project site) which it bought from a private owner More: The Source _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Feedback