Ongos Valley Development has partnered with the Zambian government to address its housing shortage.
The agreement entered into this week involves building 2 000 residential units in Lusaka.
Zambia’s housing deficit allegedly stands at 1,5 million.
Ongos Valley spokesperson Abed Erastus says the project is likely to take between 18 to 24 months to complete, but cannot say when it would kick off.
“It’s too early in the development process to provide an accurate value as there are still plenty of variables,” he says.
Erastus says the project aligns with the company’s ambition to expand within southern Africa and to export its expertise and solutions to the rest of the continent.
He says Zambia is planning on building at least 200 000 houses per year.
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