Business

New mall will stimulate growth – Sata

By KALONDE NYATI AND MOSES MULENGA
LUSAKA mayor Mulenga Sata says the development of the US$10 million Twin Palms shopping mall in Avondale will enhance the city council’s goal of expanding and decentralising the capital city in a quest to accelerate development in communities.
Mr Sata, who was speaking when he commissioned the First National Bank (FNB)-financed shopping in Lusaka yesterday, said the mall would also contribute to decongesting the central business district as various goods and services will be provided within the community.
“This is the first proper residential mall that will provide employment, goods and services to residents of Avondale, Salama Park, Ibex Hill and surrounding areas and people will live and work within their communities,” he said.
He said the mall that has 26 tenants including Shoprite and has created about 500 jobs, thus providing employment for the local communities.
Mr Sata also said the development would also boost the growth of small-scale suppliers particularly distributors of fresh fruit and vegetables to Shoprite and other outlets at the mall.
Earlier, Knight Frank, managing director Tim Ware said the development would reduce on costs as goods and services will be accessed within their communities.
“The mall is strategically located to help residents reduce on the costs that come with leaving their community to access facilities in the city centre,” he said.
He said the project had created 200 jobs during construction.
Mr Ware said plans are underway to develop phase two of the mall, which has been developed and will be managed by Knight Frank.
Meanwhile, FNB managing director Sarel Van Zyl said real estate and property remain one of the bank’s focus areas.

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