Acacia unveils plans to erect Hakainde Hichilema Shopping Mall at NRDC.
….. with 5,000 housing units around the mall.
By Staff Reporter
Acacia Trade and Development Consultancy Group Director, Dr Kelvin Kamayoyo, says plans to construct the Hakainde Hichilema (HH) Mall at the Natural Resources Development College (NRDC) in Lusaka are underway.
Speaking at the Build Zambia Expo in Lusaka, Dr Kamayoyo said the project will include a fifteen-storey five-star hotel to be constructed at the mall.
He said the HH Shopping Mall will feature premium retail and anchor stores, as well as corporate office towers.
Dr Kamayoyo added that the Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA) Gold Trading Centre will be housed at the world-class mall.
He said the shopping mall is expected to create employment for local people, noting that the proposed naming of the mall symbolises national economic transformation and prosperity for all Zambians.
Meanwhile, Dr Kamayoyo announced plans to construct modern housing units in mining towns and other areas, in line with the Grow Zambia Agenda.
He said 5,000 housing units will be built in mining townships and other selected areas.
He said the projects respond to the growth, inclusion and sustainability pillars of the Grow Zambia Agenda.
“The Grow Zambia Agenda provides a hierarchy for quick wins plus a long-term economic transformation pathway, with a construction multiplier effect on Gross Domestic Product (GDP), employment, and over 20 linked industries,” he said.
He said the projects will support the Public Private Partnership (PPP) agenda and the National Council for Construction (NCC), adding that they will support economic transformation.
He disclosed that Acacia’s partners in the USA, UK, Singapore and Middle East are ready to commence the two projects with an 80 percent capital injection for each.
“Acacia Trade and Development Consultancy Group has initiated discussions with the Industrial Development Corporation (IDC) and looks forward to further engagements with the National Pension Scheme Authority (NAPSA), NCC, National Housing Authority (NHA), Ministries and other partners to move to deal clinching, feasibility and implementation,” Dr Kamayoyo said.
Mukeya Liwena-The Royal Reporter