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*Updated: NUST to get new accommodation buildings from Govt and IDBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ni 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. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- 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*
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