Zambia’s Construction Sector Gets More New Entrants

Filed under: Business |
Zambia construction 300x200 photo

Zambian workers in Lusaka

Zambia’s construction sector recorded a 100 per cent increase in the registration of contractors in 2011 following a boom in the industry, National Council for Construction (NCC) has said.

NCC executive director Sylvester Mashamba said the industry had seen a rise in the number of new entrants registered from 2,735 in 2010 to 3,069 in 2011.

Speaking in Lusaka on Thursday during a media briefing, Dr Mashamba also said 725 contractors had been registered this year of which 64 are foreign.

“We have continued receiving overwhelming response from both the local and international contractors and this year alone we have so far registered 725 contractors. As NCC we are optimistic that more will be registered because the registration exercise runs the whole year,” he said.

Dr Mashamba said the council had in addition, introduced registration certificates for contractors which are in line with preferential procurement Statutory Instrument (SI) under the Citizens Economic Empowerment Act whose intentions are to empower Zambian firms.

The change is aimed at ensuring that local firms get a fair share in infrastructure development contracts and other sectors of the economy.