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A total of US$56 million is required to fully provide services in Harare’s newest suburb, Caledonia, a Cabinet Minister has said.


The Minister of Local Government Public Works and National Housing Cde Saviour Kasukuwere has urged Caledonia residents to pay the monthly US$50 without fail for them to access services such as water, roads and street lighting.

He was speaking during a tour of the suburb to apprise himself with developments.

Addressing the residents, he said development can only be achieved if residents pay their monthly bills.

So far 19 000 stand holders have successfully completed the registration exercise and will soon be issued with lease agreements. Layout plans for the area are now ready. The Government is expected to open a new school in January, 2016.

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  • Dear
    Greetings of the day
    Please allow Zimbabwe Africa Business Association ZABA to introduce itself to you and your company. ZABA is an association with its principle goal of connecting Africa with the rest of the world through funding opportunities. We have access to a wide variety of lenders and programs that are looking for projects to fund and invest across Africa. We can direct your request to the best resource and find solutions for your financing needs. We would like to work with Malawi (The warm heart of Africa), below are the categories of financiers and investors in our bag:

    Our investor focuses on investments into the agricultural sector in Africa. It targets small, medium and large scale agricultural farms as well as agricultural businesses along the entire agricultural value chain which will be financed directly or indirectly. Direct Investments comprise among others cooperatives, commercial farms, processing companies while Indirect Investments relate to investments into local financial institutions or other intermediaries which on-lend to the agricultural sector.

    For the investor to engage you, the project size should ideally not be smaller than 7.5m USD, subject to investment committee approval may fund up to 67% in debt. In addition the project should adhere to an equity/sub-debt to total asset ratio of 33%. Please also note that the project should ideally already have some operational structures in place and should have exceeded the planning stage for the investor to consider a debt investment.

    United Kingdom:
    *Please note that we do not provide finance for projects valued at less
    than five million US dollars ($5,000,000).*

    In alliance with our associates, we believe we are global leaders in providing leisure project finance for the tourism, hospitality, construction and entertainment industries.

    Over the last two decades our associates, who are among the leisure industry's leading financiers and who specialize in providing international project finance in the form of equity and loans for the leisure industry, have raised over two billion US dollars ($2,000,000,000) in investment capital for tourism and leisure projects in almost 60 countries worldwide.

    To be considered for financing, a project should usually exhibit at least one unique selling proposition. In those cases where a project will be operating in an environment where its market is shared with one or more competitors, rather than enjoying a dominant market position, the project
    should usually have two or more unique selling propositions.

    In addition to having one or more unique selling propositions, a project must be able to demonstrate that it can operate without external financial support and it must be able to demonstrate an acceptable internal rate of return. If we determine that a proposed project cannot meet these financial
    targets, we generally conclude that it does not warrant development.

    When we make an offer of finance to a client, the client is entirely free to accept or decline the terms of the finance offer. There is no penalty for declining the offer. If the client chooses to accept the finance offer we are paid a success fee determined as a percentage of the project finance we provide. If the client chooses to decline the finance offer, the client owes us nothing. We regard our terms as being highly competitive.

    For most of the projects for which we provide finance, we also research and compile the marketing feasibility study, financial feasibility study, business plan, development budget, architectural master plan, environmental impact assessment, social impact assessment, information technology review and we perform the appropriate due diligence procedures.

    Project financiers are no longer prepared to consider projects based on financial forecasts by accountants, who have never developed, operated or owned a leisure or tourist industry business and who have little or no experience of leisure industry projects. This is due to a number of project failures in the leisure and tourist industries where the projects, when operational, failed to achieve their model predictions.

    By contrast, as experienced international project developers, our financial feasibility studies and cash flow projections are based on cash flow models derived from twenty-five years of experience of leisure project development, ownership, management and operation, not on unsupported assumptions.

    We also finance construction and residential projects and engage in joint ventures. In alliance with our associates and financiers, we provide finance and development services for a very wide range of international project types. Most, but not all, of the projects we finance and develop are in the tourist, leisure, entertainment, sport, hospitality, construction,
    transport and allied industries.
    In order to obtain a fuller understanding of the broad range of projects which have been developed worldwide by our associates please consider the following list of example projects. Some of these projects are valued at several hundred million dollars.

    - Amusement Parks
    - Aquaria
    - Aquatic Centers
    - Bio-Tech Parks
    - Botanical Gardens
    - Casinos
    - Cinemas
    - Clubs
    - Conference Centers
    - Cruise Ships
    - Eco Leisure
    - Ecological Projects
    - Environmental Projects
    - Exhibitions
    - Family Entertainment Centers
    - Fitness Centers
    - Golf Courses and Driving Ranges
    - Harbors
    - Healthcare Centers
    - Holiday Villages
    - Hospitals
    - Hotels and Hotel Complexes
    - Housing Developments
    - Industrial Buildings and Complexes
    - Leisure Centers
    - Marinas
    - Markets
    - Museums
    - Office Buildings and Complexes
    - Playgrounds
    - Racetracks
    - Real Estate
    - Residential Apartments
    - Resorts
    - Restaurants and Food Courts
    - Retail Centers and Complexes
    - Riding Centers, Ranches and Stabling
    - Schools
    - Science Centers
    - Shipping Cruises
    - Shopping Malls
    - Solar Cell Manufacturing Plants
    - Spas
    - Sports Facilities

    - Stadiums and Arenas
    - Theaters
    - Theme Parks
    - Themed Resorts
    - Tourism
    - Villas
    - Water Parks
    - Zoos

    United States of America:

    • Real Estate Purchases, Land and Construction loans, Bridge and Mezzanine Loans, Refinances, Rehabs, Cash-Outs for:
    Multi-Family Developments, Apartment Buildings
    Hotels, Motels, Resorts, Casinos
    Shopping centers, Strip Malls, Retail (anchored and unanchored)
    Racetracks, Golf Courses, Entertainment Complexes, Marinas
    Trailer Parks, RV Parks, Parking Structures, Car Dealerships, Truck Stops, Gas Stations
    Office Buildings, Self Storage Facilities
    Medical Offices, Senior Housing, Nursing Homes
    • Business acquisitions, Business expansion, Working Capital
    • Joint Ventures
    • Creative Financing programs to fund Large Projects
    • Equipment leasing, refinancing, sale/leaseback
    • Accounts Receivable factoring/financing, including Construction, Medical, and International
    • Special factoring programs for Truckers
    • Purchase order financing
    • Merchant Cash Advances
    • Asset based loans (gold, diamonds, precious metals, oil and gas, etc.)
    • Alternative Energy Financing and Renewable Power Financing
    • International Financing
    • Unsecured loans
    • Sports contracts and entertainment financing
    • Note cashouts, Annuity cashouts, Viatical settlements, Structured settlements
    • Hard Money Loans
    • ... And more

    *Please note that we focus on the following projects mainly*
    • Agriculture
    • Tourism
    • Water
    • Technology transfer
    • Equipment and Machinery.

    We are looking forward to a healthy business relationship
    Yours Faithfully
    Thembiwe Banda
    Investments and Projects Officer

    from Harare, Zimbabwe