Zambia To Build New Houses in a New Mega Project. Zambia To Build New Houses in a New Mega Project The government of Zambia announced the construction of new 15,000 houses due to weak housing infrastructure in the country.
The construction will cost 1 billion euros ($1.04 billion) according to Ronald Chitotela, Minister Housing and Infrastructure Development. Private company Magcor International Inc. signed up on the deal in a partnership with the government. The government signed the deal this week on December 15th. Magcor Inc. already agreed on a joint venture management with Zambia National Housing Authority. Zambia has one of Africa’s highest urbanization rates at 44 percent and faces major housing deficit.
Zambia faces hindered economy The Central African country is marred with economic turmoil with modest growth projects compared to neighboring Mozambique and Zimbabwe. Despite the recession, the country has had a succession of several parties ruling the country. Nassoumi Nyang. Landscaping Boom in Zambia’s Capital Sparked by Growing Middle Class Generates Economic Opportunities. LUSAKA, ZAMBIA – David Soko sums up his life in three words: simple but satisfactory.
And that is exactly how he wants it to be. The ever-smiling 47-year-old spends most of the work week and even the weekend along Katima Mulilo Road, one of the main roads in Zambia's capital, Lusaka. Here, he sells flowerpots and grass. The road links to various other townships, especially those with companies and expatriate homes. This traffic makes it a strategic point for Soko to conduct his business. "Our customers come from all walks of life, some from abroad, such as Malawi, Botswana and even Europe," he says in Nyanja, one of Zambia's main local languages. But Soko’s main customers are private homeowners who want to beautify their yards and professional landscapers hired by companies, lodges, guesthouses and hotels, he says. With this growth in sales, Soko can support himself and his family, he says. Zambia has enjoyed a decade of rapid economic growth, according to the World Bank. Lusaka - Zambia's Fabulous Boom Town. Lusaka fastest growing city in the SADC region (Part 1)
Zambia in houses galore. American company to invest in housing project. Time Posted: February 22, 2014 12:50 pm An American housing company called Enviro Board has confirmed its interest to invest in Zambia and the region.
This follows the visit to Brazil and the United States by Government and the Zambia Development Agency (ZDA) in 2012 in pursuant to the invitation to Enviro Board Corporation. Enviro Board has since appointed a local team to spearhead its operations in Africa and Zambia in particular. Vincent Chakulya and Chabuka Kawesha will head Southern Africa and Zambia respectively. In a statement released to ZANIS in Lusaka today, Enviro Board Corporation Chairman, Glenn Camp, has thanked the authorities and the people of Zambia for the opportunities to invest in the country. Enviro Board Corporation had together with Zambian officials discussed the use of Enviro Board’s fiber extrusion technology as a ‘Solution’ for a sustainable and affordable housing model for the people of Zambia. Welcome Roma Park - Where you want to be... Zambia Property Development. A beautiful residential and commercial estate Roma Park is set to become one of the first mixed-use development of its kind in Zambia, providing great investment opportunities.
An exceptional location Roma Park is located 20 km from the main airport road and 6 km from the town centre. Roma Park will have its own Shopping Mall, Office Complex, Residential Estate, Warehousing, Industrial Park and more. It is situated on a 118 hectare plot of virgin land on the edge of the suburb of Roma. Full Zambian Development Agency backing Roma Park has the backing of the Zambia Development Agency , as well as the Government of Zambia. Roma Park provides investment opportunities Residential Estates Shopping Malls Value Retail Lifestyle and Luxury Centre Commercial Park and Office Blocks Light Industry Local Business Manufacturing Centres Warehousing Roma Park is an unprecedented opportunity to invest in Lusaka, Zambia, one of Africa's fastest developing urbanised cities!
Zambia poised for some upward growth in Real Estate Market - SA Commercial Property News. Artist’s impression of Roma Square, a retail centre in Roma Park.
A landmark mixed-use development situated on the outskirts of the suburb of Roma just 6km from Lusaka’s central city and 20km from Lusaka International Airport. Image gallery Zambia's Real Estate Sector is poised for some upward growth and is widely tipped to record sustained economic growth of approximately seven percent over the next few years. Giving an analysis on Zambia's real estate, Pam Golding Properties Zambia MD Inutu Zaloumis said the manner in which the country’s real estate sector is transforming the face of the nation is as good as any barometer for the economic turnaround currently underway. Although economic growth softened somewhat from 7.6 percent in 2010, it remained efficient at 6.6 percent year on year in 2011 as growth was underpinned largely by agriculture, manufacturing, construction and the transport sector. Says Zaloumis: “This growth in the real estate sector is not restricted to the capital city.