SAVEMARIIshemunyoro Chingroperty Reporter —
SAVEMARI – an online click and collect start-up which entered the Zimbabwean market early this month – is keen to assist local property development firms to tap into the diaspora market.

This comes as several companies, especially involved in property, are now targeting to sell their properties to some cash-rich Zimbabweans working in other countries.

Company chief executive and founder Peter Konoro said: “Various big companies have seen our product and liked it and are engaging us to help in connecting them mainly to the diaspora market which wants to buy local properties but is being pegged back by the lack of trust and transparency in the industry.

“So at Savemari we have created a platform where the relatively small but investment-keen diaspora can start buying properties locally.

“From our initial research I see the diaspora accounting for at least 30 percent to 50 percent purchases in the property sector.”

Mr Konoro said they are currently in talks with one of the biggest property management firms in the country as well as engaging a number of banks that are into property development.

He declined to name the property management firm before the deal is concluded. Savemari was designed and patented by Mr Konoro and emphasises on security for both the seller and the buyer.

Internet based and mobile transactions have been on the rise in the country and statistics released by the Reserve Bank of Zimbabwe statistics on August 2 show that electronic payment systems’ aggregate values and volumes rose 23 percent and 131 percent respectively during the first six months of 2017, compared to the same period last year.

Cumulatively, values stood at $37 billion, with June alone accounting for $7,5 billion; up from $5,5 billion in the same month in 2016. Savemari is an online pay and go web portal designed along the lines of China’s e-commerce giant Alibaba and American-based Amazon.

The company, which is operating in Tanzania, Kenya and South Africa, was launched in Zimbabwe on August 8. The colourful launch was attended by top companies and several banks that have interest in the property sector.

A public launch to be attended by the public is expected early next month.

You Might Also Like

Comments

Take our Survey

We value your opinion! Take a moment to complete our survey