Zambia National Building Society (ZNBS) Director of Banking and Mortgages, Mwansa Kapeya, praised the Livingstone Land Project as a milestone in advancing Zambia’s housing agenda and fostering public-private partnerships.
He highlighted the project’s provision of secure, strategically located land in Livingstone, which enables diaspora investments in housing, tourism, and commercial ventures.
Mr. Kapeya emphasized Zambia National Building Society’s commitment to providing tailored housing microloans for lower-income households to promote inclusivity and bridge the housing gap.
“This initiative is a shining example of what we can achieve through collaboration. Together, we can reduce housing poverty, empower communities, and build a stronger Zambia,” he said.
The project, launched by the Zambia Diaspora Organisation, aims to address the housing deficit while fostering economic growth and national unity through diaspora investments.
It involves the subdivision of 152 hectares into 230 plots, earmarked for housing, business, and farming, and has attracted buyers from around the globe.
Speaking at the launch, Prof. Albert Malama, Permanent Secretary of the Ministry of Infrastructure, Housing, and Urban Development, commended the project as a beacon of collaboration and vision.
Delivering a speech on behalf of Minister Charles Milupi, he lauded the initiative for empowering 230 citizens and creating sustainable investment opportunities for Zambians abroad.
“This initiative reflects the unwavering determination of Zambians abroad to contribute meaningfully to the country’s growth while investing in their futures,” Prof. Malama stated.
He emphasized the project’s strategic importance in bolstering housing stocks and underscored the role of public-private partnerships in driving progress and improving lives.
The government aims to address the housing deficit, currently estimated at 1.5 million units, by constructing 220,000 housing units annually to prevent the deficit from reaching 3.3 million by 2030.
“Under President Hakainde Hichilema’s leadership, housing is recognized as a basic human right. We are streamlining land acquisition and property development processes while prioritizing policies to attract diaspora investment,” Prof. Malama added.
Zambia Diaspora Organisation President Ferdinand Simaanya described the project as a model for how Zambians living abroad can contribute to sustainable economic growth.
“The Livingstone Land Project is not just about building homes; it’s about creating opportunities and fostering national pride,” he said.
The collaboration with the Zambia National Building Society ensures financial support for plot development, aligning with the government’s vision for sustainable and inclusive housing solutions.
The initiative marks a pivotal step in empowering Zambians in the diaspora to invest in their homeland and drive the country’s development.
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