Location: 40km SE of Lusaka, Zambia
Project Type: City
Type of City: Specialty City
Nkwashi is a new, master-planned city in construction outside of Lusaka, Zambia. Developed by the Zambian asset management firm, Thebe Investment Management Limited, and led by CEO Mwiya Musokotwane, Nkwashi is a multi-use, multi-income real estate development that ranks among the largest of its kind in Africa. When completed, it will be home to 100,000 residents and will feature a university and business district.
With the anchor tenant being a university, the town will include 12 residential districts, each with 3 suburbs on average. In total these have over 9,460 residential properties available to the public for purchase, of which approximately 3,000 have already been sold.
In February 2020, the Charter Cities Institute signed a memorandum of understanding with the Zambia Development Agency to improve Zambia’s Multi-Facility Economic Zone regime to help grant this city, as well as other future Zambian charter cities, broad authority over commercial law. We’re currently renewing the original MOU.