Zambia set to attract FDI for the retail sector


By Nation Reporter

ZAMBIA has an opportunity to attract Foreign Direct Investment (FDI) into the retail sector by marketing the industry at the forthcoming ZamReal Property Forum to be held on September 28th, 2016 in Lusaka.

ZamReal is a conference centered around the Zambian Real Estate market in which delegates would discuss key topics on property development and investment.

Among companies attending the conference are Heriot Properties, Pylos, Aflife, Knight Frank, Pam Golding, FNB Zambia, JLL, Sishima Holdings Limited, Liege and Novare, Jumia.

Others are FNC Legal, Profica, JHI, Thebe Investments, FQML, Mara Delta, Madison, Afritecam, Phatisa, and Union Gold among others.

Commenting on the development, Pylos Zambia chief executive officer Victor Sodala whose company would be present at the conference said local investors, especially institutional investors, played a key role in development and acquisitions in the industry.

Mr Sodala said much as retail development in Zambia would continue to flourish, opportunities would be in secondary cities and smaller nodes around Lusaka.

And First National Bank Zambia (FNB), commercial property finance specialist Mpangwe Mutwale said the holding of the forum in Zambia underscored its attractiveness as an investment destination of choice in sub-Saharan Africa.

“The country’s liberalised economy and well developed legal framework set Zambia apart from its neighbours. The holding of this forum in Zambia goes to underscore its attractiveness an investment destination of choice in sub-Saharan Africa.

“The forum will be an excellent opportunity for investors to have a first experience of the Zambian retail market and for the country to market itself and attract foreign direct investment into the sector,” he said.

The forum would facilitate and focus local representation to assist international investors in finding local partners.

For local developers and professionals, this would be the platform to network with like-minded property stakeholders as well as international companies and leaders in the sub-Saharan African real estate market.