Dear Founder, The national housing deficit in Zambia currently stands at 2.8 million housing units and is projected to double in the next five years. With a population of 57 percent under the age of 35 years old, the future of the housing sector in Zambia is very bright and is one of the most […]
Property developer Real Estate Investments Zambia (REIZ) has announced the departure of its Acting CEO and has ushered in a new CEO to take over, according to a statement from the company. “In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” […]
In compliance with the requirements of the Securities Act No. 41 of 2016 and the listing rules of the Lusaka Securities Exchange, Real Estate Investments Zambia PLC announces the financial results of the Company and its subsidiaries (collectively referred to as the Group) for the six months ended 30 June 2020. These interim financial results […]
In September 2020, after a nine-month wait for the confirmation of a CEO, Zambia National Building Society’s Interim Board announced the appointment of Chartered Accountant Mildred Mutesa as Chief Executive Officer. Following the exit of Joseph Chikolwa on 3rd January 2020, the David Nama led Board’s announcement of Mildred as Acting CEO signaled the lender’s […]
Real Estate Investment Zambia will not be entering into a subsequent employment contract with its CEO Sydney Popota following the expiration of his contract, according to a statement from the Group. “In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” or […]
The Real Estate Investment Zambia (Board) has indicated that it will not be proposing a Dividend at the forthcoming Thirty-eighth Annual General Meeting of that will take place at Southern Sun Hotel, Ridgeway, Lusaka on Wednesday 25th March 2020 at 10:00 Hrs. Shareholders at the coming AGM will be requested “to approve the Board’s recommendation […]
With only 8 weeks of its 2019 financial year remaining, REIZ has announced the resignation of one of its Directors from the board, according to a statement released by the listed company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”) […]
The property investment company, Real Estates Investment Zambia (REIZ) has announced the resignation of one of their longest service directors, Dr. Elizabeth Nkumbula, from the board, according to a statement issued by the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc wishes […]
Property group Real Estate Investments Zambia Plc anticipates to report weaker earnings at half-year 2019 following unrealized exchange losses among other reasons, according to a statement from the company. “In accordance with the Lusaka Securities Exchange Limited Listings Requirements, the Board of Directors advises the Shareholders of Real Estate Investments Zambia PLC that for the […]
Performance overview In 2018, the real estate market in Zambia was highly competitive with the development of real estate properties continuing to record steady remarkable increases. Despite the increase in the value of property in Zambia the market has continued to put pressure on existing properties as demand in the near term is lagging supply. […]
Economy
