Bulawayo approves plans valued at $22 billion


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The Bulawayo City Council approved building plans valued at $22.2 billion in February bringing the total for the first two months of this year to $55.2 billion.

Pumula South, which is enjoying a building boom from private developers including the country’s largest building Society, CABS, and the National Social Security Authority, (NSSA), dominated, with Riverside and Selbourne coming in second with plans valued at $4.2 billion.

The council had approved plans valued at only $7.2 billion in the first two months of last year but taking inflation into account it did better. Inflation stood at a staggering 782 percent last month.

 

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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