Zambia - Zambia National Building Society

Project Summary

Approval Date 08 Nov 2017
Signature Date 26 Mar 2018
Planned Completion Date 01 Feb 2033
Last Disbursement Planned Date 10 Nov 2022
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 10,909,246.76
Status Implementation

Project General Description

This project involves the provision of up to 15-year (including up to 3-years grace period) Sovereign Guaranteed Senior Loan to ZNBS of up to the equivalent of USD 25 mln in Zambian Kwacha (local currency) inclusive of a USD 1.4 mln Commercial Technical Assistance (TA) component. The Bank’s proposed funding will provide ZNBS with much needed long-term liquidity to expand its operations and support mortgage market development. The proposed SGSL aims to enhance ZNBS’s capacity to broaden the mortgage market in Zambia. ZNBS will use the funds to extend affordable mortgage products to lower middle and middle-income households. The TA will also provide critically needed support for the development of ZNBS’s capacity to assume its longterm strategic goal within the Zambian mortgage finance market.

Project Objectives

The project will support Zambia National Building Society (ZNBS) in enabling institutional capacity and financing affordable housing in Zambia, thereby improving access to long-term affordable housing finance to Zambia’s lower-middle and middle-income earners currently with limited opportunities to access financing. It will enable ZNBS to expand and deepen Zambia’s housing finance sector and encourage orderly urban development for the provision of basic utilities such as water, sanitation, roads and electricity.


The main beneficiaries are Zambia National Building Society (ZNBS), the Zambian government, lower middle and middle-income earners.

Participating Organization

African Development Bank


IATI identifier 46002-P-ZM-HB0-006
Last Update 22 Mar 2023


Contact Details

Name Jonathan Richard Kamkosi BANDA

Geographic Location

Country Zambia
Coordinates Location Name
-15.4067 28.2871 Lusaka