Wed, 05 Oct 2016 11:52:26 +0000
MADISON Asset Management has embarked on a project to provide 882 housing units in Kafue which will cost the company US$16 million, under a programme called Hillview Estate. Company executive director Muchindu Kasongola said the project will complement Government efforts of eradicating the housing deficit in Zambia by the year 2030 .
Mr Kasongola said the project will include light industrial activity to facilitate a functional community from the residents of the estate following assurances by President Edgar Lungu of making Kafue town a steel and cobalt hub. “Our objective is to transform Kafue town which is now growing, it is one area that is near Lusaka and we are trying to see how we can decongest Lusaka City by providing alternatives for development, particularly for housing.
“Kafue has been earmarked to be a centre for the manufacturing of steel and cobalt and we expect that a lot of employment will be generated and this will result in communities wanting to be accommodated of which our project will provide the answer,” he said. He said the project was expected to be completed in three years. Mr Kasongola said the first phase of the project would start bythe end of this year while the second half was expected to berolled out in the next 12 months.
“We are also looking at how we can play a role in bridging the housing deficit in the country, and I can say that we have concluded with funds with our financing partners. “We came up with this project which will provide an attraction not only to people within but also the community of Kafue and nearby areas such as Lusaka and Mazabuka,” he said.