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Contractors priced out as lending costs hit 50%
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Contractors priced out as lending costs hit 50%
Source: Contractors priced out as lending costs hit 50% -Newsday Zimbabwe HARARE, July 4 (NewsDay Live) – The construction sector is facing a mounting financing crisis, with contractors increasingly being priced out of the market by borrowing costs of up to 50% a year, threatening infrastructure development and economic growth, Zimbabwe Building Contractors Association (ZBCA) president Tinashe Manzungu has warned. Industry leaders say that while…
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