Lusaka mini mag

COMPANY PROFILE

2013

LUSAKA CENTENARY

100 years and counting for the city of Lusaka

COMPANY REPORT

100 years and counting for the city of Lusaka Editorial – Joe Forshaw Production – Chris Bolderstone There have only been three major national celebrations in Zambia’s recent history; when UNIP stepped down, when the PF took over from the MMD and when the country claimed the 2012 African Cup of Nations. This year there is another reason for everyone to celebrate, that being the centenary celebrations of the capital city of Lusaka. IndustrySA speaks with the Mayor of Lusaka, Daniel Chisenga, to understand more about the current developments in Lusaka that will hopefully help it shine for another 100 years.

There have been numerous milestones in the history of Lusaka, Zambia’s capital and biggest city. The story of the city goes back a long way but perhaps the most notable developments of modern times began in 1905 when railway arrived to Lusaka from Victoria Falls. At the time, Zambia was part of Northern Rhodesia and Lusaka was a small village located at Manda Hill and named after its headman, Lusaaka.

After the establishment of railway in the region, settlers began to arrive and the area developed dramatically with shops, farms, schools, hotels, social clubs, churches and maize mills being built. Because of its central location, Lusaka replaced Livingstone as the capital of the British colony of Northern Rhodesia in 1935.

The milestone being celebrated throughout this year came in 1913 when the British South Africa Company, the administrative power in the region at the time, gazetted Lusaka as a local authority under a Village Management Board. After this important landmark, Lusaka’s development continued and hospitals, banks, markets, post offices and further infrastructure was established.

After the federation of Northern and Southern PAGE 2 SEP 13

Rhodesia in 1953, Lusaka became one of the centres behind the independence movement which eventually led to the formation of the Republic of Zambia in 1964.

So, considering the deep history behind the city and its remarkable growth over the last 100 years, you would imagine that there is a lot planned to ensure that this growth continues.

Lusaka’s Mayor, Daniel Chisenga, tells IndustrySA that in this year of celebration there is a lot of work going on to develop the city and take it one step closer to the council’s goal of improving the quality of life for all those who live, work, visit or conduct business in the city of Lusaka.

“We have been working so hard as a city to bring development and improve infrastructure so that we can make Lusaka one of the best destinations in Africa,” he says.

“We have a number of projects on-going right now and all contribute towards the development of the city.”

Growth of the city is vital as the population is constantly increasing. With the new opportunities presenting themselves all the time in Lusaka, migration from more rural areas to the capital city is now a regular

Lusaka Centenary

© Marek Patzer

occurrence and with more people comes more demand for public services as Mayor Chisenga explains: “Over the years, Lusaka has grown from a population of 500,000 to 5.1 million and this has proved a big challenge in terms of service delivery and traffic congestion.

“The two major projects that we are building for the city are the L400 and the ring road projects. We will be upgrading some roads from two lanes to four lanes and improving gravel roads to meet bituminous standards.

“With the ring road, we have started construction and will soon begin the second phase. The road will open up new routes for traffic flow, easing congestion and linking the Southern and Western parts of the city.”

It is estimated that the new ring road will add 14.6 km of road to the Lusaka network at a cost of around KR160 million.

“In some communities, we have the Pave Zambia 2000 project. This is another project in which we are going to pave some of the roads and the equipment has already arrived in the city,” says Mayor Chisenga.

“We have stored the equipment at suitable sites around the city and the work will be carried out by people from the communities creating hundreds of jobs.

“These are the major projects that are underway.

We are also going to put street lights on all of the roads along with drainage systems so there is a lot of work to be excited about.”

FURTHER DEVELOPMENT It is not just roads that have received the attention of the government in Lusaka, investors have been found to develop and upgrade many areas of society from housing to shopping malls. Naturally, this is good for business confidence as Mayor Chisenga explains: “We are building new malls and some of the existing malls are being upgraded to be more modern. Previously, people would have to travel to the centre for shopping; now shopping will be easier across the city and we think that this will also help business.”

In line with the aforementioned increasing population, the demand for living space in Lusaka has risen dramatically over the years and Mayor Chisenga says that investment in housing is continuing to rise.

“We have a lot of housing projects in all areas of the city” he says. “There has been a lot of investment in housing. Lusaka is the heart of the country, it’s the capital

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COMPANY REPORT city, it’s the administration city, it’s the commercial centre so the demand for housing is very, very high. We have investors coming in to construct apartments and offices and still the demand remains strong. The market is so big with these kinds of spaces.”

Another exciting development that will come to fruition over the next few years will be the construction of a new airport. Widely viewed as one of the city’s, and the country’s, most historically important developments, the existing airport, Kenneth Kaunda International, will not close as Mayor Chisenga explains: “The airport has been an extremely important historical infrastructural development. The government has decided to construct a new airport and the land has already been identified. It will be a modern airport and the contractor has already been on site.

“The existing airport maybe turned into a domestic airport. The new airport is a real treat for the city and we hope that the construction will be finished in good time.”

The combinations of new, modern developments with longstanding, seasoned buildings allow the city to grow and stimulate commerce whilst all the time maintaining its heritage.

“We are happy with our historic infrastructure; structures that have stood the test of time” says Mayor Chisenga “we have the University of Zambia, the Supreme Court of Zambia and the National Assembly of

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Zambia where parliament sits.

“We have new hotels, for example the Radisson and Protea. The Chinese have built hotels, five star hotels.

There has been an increase in the number of guest houses, there are a lot being built, and we believe that this is good for business.”

CELEBRATIONS All of the developments discussed above would not have come about without the historic milestones which have given Lusaka the reputation as one of the most important cities in Southern Africa. Obviously, one of the most important moments in the city’s past came 100 years ago when Lusaka was officially recognised as an authority and there have been celebrations of that occasion throughout the whole of 2013.

“The centenary celebrations were scheduled from July 1st through until August 31st,” explains Mayor Chisenga. “The main grand events took place on the 31st of July in Lusaka. Some of the activities included museum exhibitions, a marathon, a garden tea party, various festivals in the local communities and there were dignitaries from all over the world who came to witness the events.”

The festivities were welcomed by all and the Mayor considers the celebrations to be on a par with the only three major national celebrations of the past; the first

© Marek Patzer

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Lusaka Centenary

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COMPANY REPORT which came in 1991, when UNIP, who had been in government for 27 years, stepped down. The second celebration was when the PF took over from the MMD, who had been in power for 20 years. The third celebration was the recent triumph at the African Cup of Nations.

The celebrations were officially opened by President Michael Sata and although initially deferred, the festivities have been widely regarded as a success. Some people have suggested that the celebrations were widely supported because they were not politically motivated.

Sata was joined at the opening of the centenary celebrations by the first President Kenneth Kaunda and Chieftainess Nkomeshya of the Soli people. All three

guests, along with Mayor Chisenga paid tribute to the Lusaka 100 years committee who played a leading role in the organisation of activities. Mayor Chisenga also reiterated the point made by Sata at the event when he said that the growth of the city cannot stop here.

“I would like to see a city that can continue to grow, can address the issues of traffic and waste management and a city whose streets are safe,” Chisenga explains.

“With the population continuing to grow, we need to expand our boundaries and see the city capture more and more development.

“We want to modernise and upgrade communities and if this means partnering with the private sector to build infrastructure, then we will do it.”

© Marek Patzer

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Lusaka Centenary

Pieter de Beer

AUG 13 PAGE 7

COMPANY REPORT

ŠPAGE Marek Patzer 8 SEP 13

Mayor of Lusaka, Daniel Chisenga

Lusaka Centenary However, the burgeoning population always remains a concern for the Mayor and the council and even with the city expanding, the strain on services continues to increase. It will take a big effort from both the private and public sector to ensure the Lusaka’s on-going sustainable development and ensure the city continues to be known as a friendly destination.

“The role of the mayor has changed because of the increase in population. The increasing amounts of people now place a big demand on the city’s services and there is also a large amount of visitors coming in so the pressure is ginormous” says Mayor Chisenga.

“We are trying to remain a friendly city, we want visitors to feel that they can move from shopping mall to

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hotel room without concern and we want them to feel protected and in this regard the role of the Mayor has remained the same,” he concludes.

All images courtesy of Marek Patzer and the Parenthesis Group

© Marek Patzer

Lusaka City 100 years on … Wow!!

We are delighted to congratulate the City of Lusaka on turning a century old. Major developments under different political regimes have been achieved. An additional important one was the setting up of the Lusaka Stock Exchange Limited (LuSE) in 1993. It was established with preparatory technical assistance from the International Finance Corporation and the World Bank. The Exchange was officially opened on 21 February 1994 by the Late President, His Excellency Dr F T J Chiluba. The first couple of years of operations were funded by the United Nations Development Fund and the Government of Zambia as a project on financial and capital market development under the multi component private sector development program.

The exchange has made great strides since inception and demonstrated the possibilities of raising long term cheaper capital through the issue of shares and bonds to the investing public.

The exchange has 22 listed companies from the following sectors: manufacturing, oil marketing, retail trading, hospitality, banking, real estate, investments, energy and mining.

A number of companies have successfully raised capital on the exchange and recently in Quarter 3 of 2013, approval was granted to African Development Bank to raise funds not exceeding ZMW2.7 billion in a Medium Term Note Programme. The International Finance Corporation (IFC) was also granted approval to raise funds on the LuSE not exceeding ZMW2.5 billion under its Pan-African Domestic Medium-Term Note Programme. Under the Programme, the IFC, subject to compliance with all relevant laws, regulations and directives, may from time to time issue Notes primarily to domestic investors in various African jurisdictions. The current jurisdictions are: Botswana, Ghana, Kenya, Namibia, Mozambique, Rwanda, South Africa, Uganda and Zambia.

3rd Floor, Exchange Building Farmers House Central Park Cairo Road. P. O. Box 34523 Lusaka, Zambia

E-mail: info@luse.co.zm Website: www.luse.co.zm Follow us on Twitter and Like us on Facebook

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COMPANY REPORT

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