Region
Zambia

Sector
Construction & Materials
Infrastructure
Property
Retail

Summary:

Zambia is looking for an investor to develop a retail facility at the Chirundu border, which lacks modern facilities to cater for road users and the population living in the area.

Contact
Florence Mumba

Email
fmumba@zda.org.zm

Tel
+260 211 220177

Project: Chirundu shopping complex

Location: 5km away from the Chirundu border, an area ideal for a clearing port.

Summary: The objective of the project is to develop a shopping complex with a fee paying parking lot for trucks and cars, and lodging facilities to cater for motorists who take up to four days four days clearing goods at the border. The Zambia Revenue Authority clears an average of 400 trucks per day. The lease rights for the US$5-million land identified for the project can be ceded to a guarantor as part of collateral.

Cost of investment: Estimated is US$10-million.

ROI: A minimum income of US$760 000 per annum on car port and lodging facilities at 60% occupancy rate would be realised. This does not include other value added services, which may be integrated into the project. 

Licenses needed: Local Authority

For further information on the project contact the Zambia Development Agency.

Key contact: Florence Mumba
Director: Investment Promotion and Privatisation
Zambia Development Agency
Email: fmumba@zda.org.zm