World Bank And African Development Bank Award Zambia With USD 115 million for Lusaka Sanitation Project
The World Bank (WB) and the African Development Bank (AfDB), have announced a total funding of USD 115 million to the Republic of Zambia, for…
Zambia Construction
The construction sector in Zambia is lead by the demand by the mining industry, shopping centers, infrastructure development, residential buildings and offices.
The Zambia real estate and construction sector grew by 9.5% and 9.1% respectively in 2013 and 2014.
According to the Zambia Development Agency (ZDA) Zambia recorded USD 3.3 billion in foreign direct investment mainly in the construction sector in 2014.
Building and construction has been the largest industrial sector of Zambia comprising 27.5% of the GDP with a growth rate of 12% in 2014.
It is estimated that the backlog of housing units in Zambia is about one million and that 110,000 units per year will be required to clear the backlog for next ten years.
The Zambian government has allocated major part of its construction budget to development of the Link 8,000 and Pave 2,000 road networks projects.
Due to increased investment in construction, the Zambia Development Agency predicts an increase in demand of steel from 200,000 tons in 2011 to 300,000 tons by 2016.
Due to focus on construction, the logistics sector is also benefitting. More than USD5 billion is being invested in rail and road networks in the next 5 years [2015-2020].
This investment will play role in galvanizing the new logistics parks for servicing mining sector of Southern Democratic Republic of Congo as well as Copperbelt region of Zambia.
Lafarge Zambia Launched Shared Service Centre and Training Centre
Lafarge Zambia launched its Shared Service Centre (SSC) Offices and Training Centre (TC) in May 2015 at the Lafarge head office, Chilanga.
UK Companies Interested In Zambia Construction Sector
According to the British Chamber of Commerce in Zambia, many companies from the UK have shown interest to invest in the construction sector of Zambia.
Turkish Construction Company Soon On An Investment Visit To Zambia
Turkish construction company Kolin is to come next month for an investment visit to Zambia.
AfDB To Finance Zambia National Rural Water Supply and Sanitation Program
The Republic of Zambia has received African Development Bank (AfDB) and OPEC Fund for International Development (OFID) loans and a grant from the Rural Water…
Italy Eying Zambia Water And Energy Infrastructure Development
According to a recent statement by the Italian embassy in Zambia at the first edition of the Zambia International Water and Infrastructure Conference and Exhibition…
USD 400 Million Cement Plant To be Launched In Copperbelt Mining District Of Zambia
Dangote Industries announced the contraction of a new USD400 million cement plant in Masaiti district on the Copperbelt.
Zambian Property Development Company To Build 4,000 Housing Units In Kazungula
The Government of Zambia has signed a Memorandum of Understanding (MoU) with the property development company Leedsfit Holdings Zambia to build 4,000 new housing units…
Government Launches Project To Construct Rural Fuel Stations
In a move to introduce a uniform pricing mechanism across the country, the government of Zambia has announced the launch of a project to construct…
Zambian Construction Industry Positioned For Continued Growth Following 2014 Infrastructure Boom
The successful implementation of a number of infrastructure improvement projects, including the Link Zambia 8000 road project combined with a number of public and private…