Thebe presently has several projects under development. These include Nkwashi, a US$1.5 billion 3,100-acre mixed-use development in Lusaka. With over 9400 residential properties, and capacity for a further 7000 apartment units; Nkwashi is the largest private development of its kind in Zambia, and is among the 20 largest real estate projects on the continent. Thebe also hasan investment pipeline of ventures involved in education, education technology (EdTech), enterprise technology (PaaS), hospitality and urban renewal. This is all with the ultimate goal of investing in areas that have large impact potential for African civilisation, and attractive return potential.
Nkwashi
Thebe is the developer of Nkwashi, a 3,100-acre mixed-use development in Lusaka, Zambia. It is among the largest real estate developments in Africa. The estate will have approximately 500 acres worth of green spaces, including over 60 acres of public parks, and two lakes (created by two earth dams) that will hold in excess of 4 billion litres of water. The estate is part of a continent wide trend in new urban developments; the creation of satellite cities to help provide well planned communities to the emergent middle class.
The Nkwashi development includes provisions for the following:
- Over 500 acres of green spaces
- 40 Acre Business Park with potential for >300,000 .SqM GLA
- Allocation for a 40,000. SqM shopping mall
- Allocation for 8 convenience centres across estate
- 10 Acre Logistics/Light Industrial Park
- 130 Acre University Campus
- 60 Acre International School Campus (Thebe International School)
- 8 affordable schools on a combined acreage of 40 acres
- 2 Lakes with over 4 billion litres of reservoir capacity
- 9,460 residential stands: 3000+ plots already sold
- Allocations for 7,098 apartments
- Paved roads
- Electricity, water & sewerage utilities (developer owned & managed grid)
- Between 60,000 to 100,000 residents upon completion
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