- Published: Tuesday, 05 September 2017 08:03
- Written by SolutionsTeam
“If you build it, they will come,” says Mwiya Musokotwane, the 28-year-old CEO behind Zambia-based investment firm, Thebe Investment Management. “Part of the challenge here in Zambia is that there is a huge deficit of residences – something between 1.5 – 3 million homes.” While the country’s demand for housing is strong across all income groups, he believes middle-class residential investments to be a particularly lucrative opportunity. Urban areas like Lusaka (the capital) and Kitwe (Zambia’s second largest city) are expanding so quickly that municipalities simply can’t keep up. As a result, Musokotwane says it is not surprising to find middle-class neighbourhoods without access to paved roads, water or sanitation – and residents relying on septic tanks and boreholes.