Government says the gutted Zambia National Building Society (ZNBS) building will be developed into a modern building once a partner is found.
Finance and National Planning, Minster Stumbeko Musokotwane, said government has instructed ZNBS to find a partner to construct and develop the building into modern shopping complex, offices, and car park.
Dr. Musokotwane said this in response to a question from Mazabuka Member of Parliament (MP) Garry Nkombo who wanted to know what plans government had for the building which was gutted by fire in 1997.
The minister said government has no funds to rehabilitate the building and has thus instructed ZNBS management to look for a partner who will help rejuvenate the building into modern one.
He was responding to Chipili MP, Davis Mwila question who wanted to know the total number of ZNBS assets as of December last year, and on whether the parastatal has plans to open branches countrywide.
Meanwhile, Finance Deputy Minister, Chileshe Kapwepwe said the Zambia National Building Society’s assets were worthy K171.3 billion as of December last year.
Ms. Kapwepwe said ZNBS will not open more branches around the country as it does not have money to carryout the exercise.
She further disclosed that the society has started renovating its buildings countrywide while rehabilitation works in some places have already been completed.
ZANIS