Russia's Central Bank reports a significant trend in mortgage lending, with the average loan term reaching 26 years. The mortgage duration has extended by five months in February alone, with loans for new and secondary housing averaging 309.8 months, and mortgages for housing under construction spanning nearly 27 years.
Analysts attribute the lengthening loan terms to rising housing prices. Banks are extending mortgage periods to make monthly payments more manageable for borrowers. Notably, the Central Bank predicts that most borrowers will repay their housing loans after retirement.
The extended loan terms reflect challenges in the Russian housing market. As property prices continue to climb, financial institutions are adapting their...
The Combined Harare Residents Association (CHRA) is demanding urgent action from the Harare City Council regarding a controversial building approval in Vainona. The association is calling for a Special Council Meeting to investigate what appears to be an improper construction of a double-storey building on illegal land.
CHRA has accused city officials of gross incompetence and is pushing for the formation of an Investigation Committee under the Urban Councils Act. The organization wants a thorough examination of what it believes may be another instance of questionable administrative practices.
The association argues that the Vainona case is part of a broader pattern of problematic urban development in Harare. They are demanding that...
Zimbabwe's land reform compensation deal faces significant challenges as displaced white farmers reject the government's latest payment scheme. The government claims to have disbursed US$308 million under the Farmers Compensation Agreement (FCA), but former farmers argue the offer falls far short of the original 2020 Global Compensation Deed.
Finance Minister Mthuli Ncube announced the payments, which cover 378 farms. However, Deon Theron, acting chairman of the Compensation Steering Committee, criticized the plan. He noted that only 740 farmers out of 4,500 have been approved for compensation.
The revised compensation plan offers Treasury Bills over a decade with a low 2% interest rate, compared to regional averages of 10-20%...
Bulawayo prophet Ian Ndlovu of Divine Kingdom Baptist Ministries publicly accepted a substantial gift from businessman Wicknell Chivayo, sparking widespread discussion. The donation included two luxury cars and a cash package exceeding US$430,000, which Ndlovu described as a divine intervention.
Ndlovu quoted biblical scripture to justify accepting the gift, stating that God works through human beings. His wife echoed similar sentiments, viewing the donation as an opportunity to expand their ministry's community outreach and charitable efforts.
Chivayo has gained attention for his high-profile gifting strategy, which involves distributing luxury vehicles to various public figures, including musicians, socialites, church leaders, and...
Harris Entertainment has relocated the Pacific Bulawayo Shutdown concert from Queens Sports Club to the Zimbabwe International Trade Fair Main Arena. The change came after Bulawayo Mayor David Coltart raised concerns about potential disruptions to upcoming international cricket matches against New Zealand and South Africa.
The original venue's lease agreement allowed social events, but organizers decided to move to ZITF Main Arena to ensure smooth preparations for the sporting events. The new location offers expanded space for concert attendees while preserving cricket match logistics.
Harris Entertainment has confirmed the event will proceed as scheduled, expressing appreciation for the collaborative approach taken by local...
Two former city leaders faced criminal charges yesterday over a controversial land development project. Ben Manyenyeni, who served as mayor from 2013 to 2018, and Josephine Ncube, the acting town clerk from 2015 to 2017, appeared before a regional magistrate. The pair was released without bail restrictions.
The case centers on a land deal with Shelter Zimbabwe involving 1,500 residential stands. Officials allegedly allowed the company to sell unserviced land despite recommending contract cancellation earlier. Shelter Zimbabwe failed to develop the land after receiving payment from potential homeowners.
Prosecutors claim that Manyenyeni and Ncube improperly amended a memorandum of agreement without council approval. They reportedly...
CD Projekt Red is making steady progress on the Cyberpunk 2077 Ultimate Edition for Nintendo Switch 2. Filip Downar, the gameplay technical design expert, revealed the team has been working on the port for over seven weeks. The development team's commitment suggests a promising adaptation of the popular game for Nintendo's upcoming system.
The port appears to be the studio's primary focus. Downar hinted at potential future possibilities for other game ports, particularly for The Witcher 3: Wild Hunt. Fans are excited about the potential performance improvements and advanced features like ray tracing on the new Nintendo system.
Initial footage of the Cyberpunk 2077 Ultimate Edition for Nintendo Switch 2 looks impressive. The game is...
CI Games has launched a major update for Lords of the Fallen, addressing community feedback and significantly improving the game's features. The 2.0 version introduces over 50 post-launch updates, including a Free Friend's Pass and shared progression co-op gameplay.
Key improvements include an enhanced character creator with better facial options and body shapes. The user interface has been completely overhauled, and a new guidebook allows players to reference tutorial information at any time. Combat mechanics have been refined, with more accurate weapon handling, improved mobility, and a dedicated jump button.
The co-op experience has been substantially upgraded. Players can now share character progress and loot during multiplayer...
Trump Media and Technology Group has raised serious concerns about potential stock manipulation involving a UK-based hedge fund, Qube Research & Technologies. The company filed a memo with regulatory bodies, including the SEC, FINRA, and major stock exchanges, after Qube disclosed a short position of approximately 6 million shares in mid-April.
The tech company claims the short interest remains unchanged and questions the legitimacy of Qube's reported trades. Nasdaq's records show a total short interest of 10.7 million shares as of March 31. Trump Media suggests the situation may involve illegal naked short selling, pointing to the stock's continuous appearance on the Nasdaq Regulation SHO Threshold Security List for over two months in...
