NANCY MWAPE, Livingstone
THE Zambia Institute of Chartered Accountants (ZICA) has bought 102 hectares of land to set up a convention centre, 10 presidential VIP villas and an international golf course in Livingstone at a cost of US$350 million.
Speaking to journalists yesterday, ZICA chief executive officer Hapenga Kabeta said the association plans to put up a 5,000-seater convention centre, observation wheel, two hotels, and an international golf course.
“We believe that when this project is implemented, it will not just change the face of Livingstone, but will change the entire face of Zambia because this will be the first international convention centre of its kind,” he said.
Mr Kabeta said three years ago, the association procured 48 hectares of land, but when they started developing designs, it was realised that the land was not sufficient to accommodate the plan.
He said this year, ZICA acquired an extra 63 hectares of land adjacent to the existing land.
And ZICA president Wesley Beene said the architectural drawings for the conference facility are almost complete, and the association is looking at the financing model.
Mr Beene said ZICA has engaged Equity Capital Resources to help develop the financing model for the project, and that the institution is also looking at the option of members putting in some money in form of shares or trust.
Meanwhile, Mr Beene has appealed to ZICA members seeking office at the annual general meeting to engage Government professionally to bring about credibility as opposed to fighting.
He commended Government for opening up its doors to ZICA to discuss various issues affecting the economy and the profession.
“The incoming team must be able to interact with Government and influence decisions that will bring credibility in the way we run resources of this nation.
As a result of continued discussions with Government, the accountant-general position was elevated to the level of permanent secretary. At this level, they are able to control controlling officers in the management of government resources,” he said.