Online Reporter
Trust Freddy
Herald Correspondent
THE National Building Society (NBS) is targeting to bring over 600 units into the national housing pool this year, as part of its efforts to contribute to affordable housing delivery.
This development comes as the NBS has lined up various projects for execution across the country this year, projecting over US$44 million in profit.
Speaking after signing his performance contract yesterday in Harare, NBS board chairman Mr Shingai Mutumbwa, said: “Now for 2025, NBS intends to bring into the national housing pool 600 units broken down as follows: 64 units in Glaudina, 300 units in Rangemore (Bulawayo), 153 units in New Mara (Mutare), and 280 stands in Plumtree (Matabeleland South).”
The development also coincides with the Government’s new target to construct one million houses by year-end, having by far exceeded its initial goal of 220 000 units.
This ambitious target falls under the Zimbabwe National Human Settlements Policy (ZNHSP), adopted by Cabinet in November 2020 and launched by President Mnangagwa in September 2021.
The policy aligns with national and global development frameworks, including Vision 2030, which aims to achieve an empowered upper-middle-income status by that year.
Mr Mutumbwa, who is the recent winner of the best-performing chairperson award among State-owned Enterprises, expressed confidence that the NBS will sustain its success momentum from last year.
“We also aim to attain US$44 million in profit for the full year of 2025. We also aim to achieve US$29,8 million in revenues and achieve an employee satisfaction ratio of 75 percent.
“Our intention is to grow capital to US$28,7 million and achieve a balance sheet size of US$130,3 million. This is in addition to a value preservation to protect pensioners and depositors’ funds,” he said.
On the customer count, Mr Mutumbwa said the NBS intends to increase customers or account holders to 80 000.
