One of the Development Finance Corporation's 17 most recently approved investments, totaling $3.3 billion, will be for real estate in Zambia. The funding will come in the form of a $17.1 million loan to fund a hotel in Zambia. The investment is labeled "Infrastructure Growth in Zambia" and not explicitly as a real estate investment.
The DFC press release stated the investment was for a hotel in Lusaka, but it's more likely to fund a lodge in Nsumbu National Park in the northern province which is expected to cost $50 million to deliver. The sponsor, African Eagle Hotel and Resorts ("AEHR"), submitted an EIA for the resort early in 2022.