Though property prices in Bulawayo have firmed over the past year, the country’s second largest city continues to play second fiddle to the capital.
The Bulawayo City Council has repossessed three stands from the Matabeleland Development Foundation, an organisation that is meant to spearhead development in the region, because it has failed to develop the stands over the past 10 years.
The Reserve Bank of Zimbabwe, which is now owed more than US$200 million by exporters, has published a list of the top 1 000 defaulters and has given them one week to pay up or face prosecution.
Zimbabwe’s Finance Minister, Herbert Murerwa, heaved a sigh of relief after going through his mid-term review last week.
A housing developer who accused Bulawayo council officials of being corrupt after the municipality had turned down his application for a $7.8 billion housing project that was to be funded by the National Social Security Authority (NSSA) has apologised, saying he acted out of emotion.