Africa Construction Economy FDI Finance Real Estate Zambia

US$20M earmarked for Hotel and Shopping Centre development in Zambia

Kasama, a city in the Northern Province of Zambia, is in for $20 million commercial transformation, that will see the development of a new four-star hotel and shopping mall at Kasama Golf Club (KGC).

According to the project owners, Mikalile Investments, construction started in May and the company intends to complete phase one (the Mall) by next year.

Mikalile Chief Executive, Mulenga Mikalile said that phase two of the development will see the completion of the Hotel, four Conference Rooms, Gymnasium and a Filling Station will be completed and commissioned by His Excellency the President Mr Edgar Chagwa Lungu by 2021.

The company plans to modernize the Golf Club and will include among other things development of a state of the art nine-hole Golf course, construction of an administration block, complete with conference facilities, club house, kitchen and restaurant, gymnasium a sports multi facilities Centre and a play centre for Children in support of Junior Golf.

About 1200 direct and indirect jobs are to be created at construction and operational stages, 700 of which will be available during the construction stage while 500 permanent jobs will be available at operational stage.

“We are excited with the prospects that this Investment presents to the tourism Industry in the Province which has been hampered by lack of serious Investment in conference facilities,” concluded Mikalile.

Source: Africa Property News

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