The Mining Industry Pension Fund (MIPF) has rolled out an ambitious housing project in Shurugwi, offering its members an opportunity to invest in fully serviced residential stands and secure their future through home ownership.
Speaking on Ya FM’s Weekly MIPF Retirement & Pension Planning programme, MIPF Pension Fund Manager Thulani Ndlovu said the initiative reflects the fund’s commitment to improving the welfare of its members beyond retirement benefits.
Ndlovu highlighted that stands are currently available at Impali, Shurugwi, and encouraged fund members to take advantage of the development, which provides affordable, well-planned residential options in a rapidly modernising mining town.
“This is not just an investment in property — it’s an investment in dignity, stability, and the future of our mining community,” Ndlovu said.
The project is part of Shurugwi Town Council’s urban renewal strategy, which aligns with Vision 2030 and the National Development Strategy 1 (NDS1), both of which emphasise modern infrastructure, sustainable housing, and inclusive economic growth.
Shurugwi, a Midlands Province mining town with a population of just over 23,000, is prioritising infrastructure expansion and residential development to match its steady 2% annual population growth.
According to Shurugwi Town Council Housing and Community Services Officer, Fortune Marevesa, the MIPF project — a US$2.8 million investment — comprises 310 medium- to low-density stands on council-owned land, developed in partnership with the fund.
“The farm is ours as council, we have a deed of transfer, so all allocations and developments are under our supervision,” said Marevesa.
The development includes access roads, storm-water drainage systems, and full water and sewer reticulation, with all services having reached 100% physical completion.
The initiative aims to ease pressure on Shurugwi’s limited housing stock of about 4,300 units, which has struggled to meet growing demand — particularly from the town’s large population of miners and their families.
Beyond housing, the MIPF project demonstrates how pension funds can act as catalysts for local economic growth, driving infrastructure development while delivering long-term value for contributors.
As the mining sector continues to anchor Zimbabwe’s economic recovery, the Mining Industry Pension Fund’s Shurugwi housing project stands out as a model of responsible investment, bridging social need with economic sustainability.
🟢 For more information on stand availability and membership benefits, MIPF members are encouraged to contact the fund offices or visit their nearest branch.
