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...
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...
Investors bring different skills and qualities. Some bring expertise and equipment, other, like Somalian and Lebanese did when they pioneered block-making in the country, bring inspiration. After joining the business, Zambians are giving foreign nationals hard competition. Zambia has been very hospitable to investors whom in return are expected to follow procedures before setting up their operation in...
Zambia can be proud of its economic growth of 3% during the first quarter of 2017 according to research figures. This growth is the result of the activity in the mining, information and communication, as well as financial services sectors. The real estate sector stands to benefit from this situation. Recently, the ZamReal Property Forum, held on 28 September at the Radisson Blu in Lusaka, talked about the...
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