• The hotel, which is expected to be completed in 2024, is already underway.
• It will be called the Pyramid Continental Hotel.
• The facility will create up to 250 direct jobs and 700 indirect jobs for Zambians.

Zambia Development Agency (ZDA) has disclosed that an Eritrean owned company is constructing a US$60 Million luxury five star hotel that will create up to 250 direct jobs and 700 indirect jobs for Zambians during the construction phase.
Speaking during the Investment Promotion Protection Agreement signing Ceremony between ZDA and Zebra Manufacturing Zambia Limited, Agency Board Chairperson Bishop David Masupa said the project is a very welcome development under the present circumstances when the Covid-19 pandemic has badly hit the tourism sector.
Bishop stated that the agreement represents a major step forward in investment promotion for Zambia and serves as an assurance to the investors of the safety of the multi-million dollar investment.
He said the investment was facilitated by the Agency in a bid to foster economic recovery of the country and ultimately steer Zambia to accelerated growth and diversification.
According to ZDA, once construction of the hotel, which, will be called the Pyramid Continental Hotel is completed, an additional 223 jobs is projected to be created for Zambians and hopes to expand its operations and continue investing in Zambia.
“We appreciate your confidence in the policies of the Zambian government, through this pledged investment at this trying time and we want to assure you that our government through ZDA will continue to be available to facilitate implementation of the investment project,” Bishop Masupa said.
And ZDA Director General Mukula Makasa reaffirmed the Agency’s commitment to handholding the investor till the project is fully implemented.
Meanwhile, Zebra Manufacturing Zambia Limited Managing Director Merhawi Mesfun Tesfasilassie has expressed gratitude to ZDA for helping to facilitate the investment and assuring his company of the safety of their investment through the signing of the Investment Promotion Protection Agreement.
“We are operating in different countries in Africa so Pyramid Continental Hotel is one of the luxury groups especially in five Star Hotel branding. It will a landmark in the whole of Lusaka, it will change the image of our city with the improvement of development we have seen in the last few years,” he said.
Construction of the hotel, which, is expected to be completed in 2024 is already underway.
The hotel will have 88 king-sized bedrooms, 69 twin bedrooms, 35 executive suite bedrooms, 18 one bedroom suites and one presidential suite. Other amenities are an event hall, restaurant, a night club, a casino, a gym, a conference room, four board meeting rooms, a semi-Olympic size swimming pool, a tennis court, office and staff facilities, landscape, a parking lot, water treatment and electricity provision and a water park.