HOUSING and Infrastructure Development Minister Ronald Chitotela says Zambia is expected to have a three million housing deficit by 2030 if nothing is done now.
“Government will by next year pay more attention to housing after doing a lot in areas such as roads,” Mr. Chitotela said.
He had since called on the business community in india and across the world to consider Zambia as the best destination for investment in housing and Infrastructure Development.
The Cabinet Minister was speaking in New Delhi, India, when he met experts in housing development, Earth Block Goa, who are interested in investing in Zambia.
“Government is interested in building sky scrapers for citizens through the Slam Development Programme targeting the low income bracket who need decent housing more,” Mr. Chitotela said.
He said there were many opportunities for serious investors who could invest privately or through the Public Private Partnerships (PPPs) with Government.
“Many civil servants are interested in the rent to buy initiative by the Government which can be executed through an off- take agreement based on the value of the property that can be insured so that the investor is protected from any risk,” Mr. Chitotela said.
And Earth Block Goa Director Gramopadhye Ajay said he specialised in low cost housing solutions using mine waste dumps made through latest technology.
“The material uses less or no cement at all approved by UNESCO and that a house can last for 400 years,” he said.
Mr. Ajay said his company was ready to start in six months time to construct on it’s own or partner with Government through a Joint Venture (JV).
“Construction with the latest technology without using cement but just water and mud for the low income bracket would help boom the construction sector,” he said.
And Zambia’s High Commissioner to India Judith Kapijimpanga said the group he had met were among the 22 potential investors from Goa who recently visited Zambia in March 2018.