Zambian economy is set to experience boom as investors have noted the growing shortage of housing facilities which could lead to the rise in pricing. Zambia’s economy has significantly improved compared to its counterparts in the sub-Saharan region. As suburbs become more popular, there is a notable increase in demand for auxiliary services and accommodation in places such as Roma, The Leopards' Hill,...
Zambia allows foreigners to drive vehicles only if they can produce international driving permit issued under the 1949 or 1926 Conventions of the United Nations. Citizens of Zambia may bring a vehicle but has fourteen days to ensure it is registered. Foreigners have 365 days to register a vehicle brought into the country. Any vehicle that’s issued under an international certificate and brought in Zambia...
Zambia is known for the production of copper. However, the country isn’t economically developed. You may use poor roads within Lusaka, the city. Zambia has 70 tribes, and most citizens live below the poverty line. Here are some important information you may need to know about Zambia. Currency: Kwacha and divided into 100 Ngwee Emergency Number: 999 Language: English is the national language,...
Zambia is drastically turning to be the best option for the safari tourists. The country has the most outstanding tourist attraction sites in the continent. Victoria Falls, national parks, and a few continents best wildlife give tourists an easy task of choosing Zambia as their destination. Alongside Botswana, Zambia is considered as the country rich in African wildlife. You can use either canoe or walk...
Zambia is an African tourist hub and Lusaka being its capital city, the restaurants in the town must be of a standard to withstand the stiff competitions in the area. For the country to maintain the proper number of international tourists, restaurants must be of the right standards. Below are some of the examples of outstanding restaurants in Lusaka. Latitude 15 Degrees Latitude 15 is excellently...
A US$25 million loan has been granted to Zambia National Building Society (ZNBS). The Board of Directors of the African Development Bank Group (AfDB) approved the Senior Loan that will support ZNBS in building institutional capacity and financing affordable housing in Zambia. Hopefully this will help Zambia’s lower-middle class and middle-income earners to access long-term affordable housing...
The average time a home stays on the market before being sold has increased further by two days to fifteen weeks and six days in the third quarter. These figures show that the market is slowly drifting away from equilibrium and price realism. John Loos, a household and property sector strategist at FNB said that 93 per cent of properties sold for less that the asking price in the third quarter compared...
In 2017, Zambia climbed up from 98 to 85 on the 2018 World Bank’s Ease of Doing Business Rankings. The country was also in seventh position on the Top-10 reformers, with Brunei leading at one. Over the course of the last year, Zambia implemented three reforms that helped making business easier in Lusaka. The reforms were in the areas of getting credit, paying taxes and trading across borders. The...
During the first quarter of 2017, Zambia saw an economic growth of 3% mainly because of the mining, information and communication and financial sectors. In this steadily growing economy, the country’s real estate sector is now beginning to leverage off and it is looking forward to a new chapter. At the second annual ZamReal Property Forum held at the Radisson Blue Hotel on 27th September 2017, the key...
A minor 4.1 magnitude quake stroke on Thursday. Fortunately, it was only small and even if buildings rattled a bit, there was no collapse or damage. Nonetheless, people of Chibombo district felt it hard because no one expected it. The earthquake was at a depth of 12 kilometres at latitude 16.3165 and longitude 28.3125. It seems like the area is becoming more vulnerable to earthquakes; the last one...
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