Zimbabwe: POSB $5m mortgage fund targets low-income earners

27 August 2017, Harare — The People’s Own Savings Bank (POSB) has unveiled a $5 million mortgage loan facility for low-income earners. Non-traditional mortgage lenders have increasingly diversified into the segment after active encouragement by both Finance Minister Patrick Chinamasa and Reserve Bank of Zimbabwe governor John Mangudya. In his 2014 budget, Chinamasa announced tax […] More »