ICBC provides $210 million buyer’s credit for Zambia National Service (ZNS) 2000 Affordable Housing Project

📋 Staff Comments

1. This project is also known as the 2,000 Housing Units for Zambia National Service Project. The Chinese project title is 赞比亚国民卫队2000套经济适用房项目 or 国民卫队2000套经济适用房项目.
2. This may be the second phase of the Ministry of Defense Housing Project captured in Project ID#57377. The issue warrants further investigation.
3. The Zambia National Service abbreviated as ZNS is part of the Zambian Defence Force whose primary objective is to train Zambian citizens in agriculture and craft skills. it was formed in 1963 as a Land Army before it was renamed to Zambia National Service.
4. Due to the fact that the ICBC loan was used to finance 85% of the total cost of a commercial contract with Shandong Dejian Group Co., Ltd., AidData assumes that it was provided in the form of an export buyer’s credit. It is unclear if the export buyer’s credit is of a preferential nature or non-preferential nature. This issue warrants further investigation.
5. At the project commencement ceremony, the President of Zambia refereed to the Zambia National Service (ZNS) 2000 Affordable Housing Project as a joint venture between Zambia’s Ministry of Defence, Shandong Dejian Group Co., Ltd., and Zambia Cooperative Federation (ZCF). This issue warrants further investigation.

📚 Sources & References

• Zambia's Hidden Debt Crisis: The Real Debt is USD$30 Billion Which is 157% of GDP
• Zambia gets Chinese finance to build 2,000 houses for military
• 赞比亚政府考察团一行到访德建集团
• 德建集团：“走出去”挖掘新动能
• AT THE LAUNCH OF THE CONSTRUCTION OF 2000 HOUSING UNITS FOR THE ZAMBIA NATIONAL SERVICE (ZNS)
• EL fulfills promise to ZNS with 2,000 houses
• 德州市住房和城乡建设局
• Chinese Loans to Africa Database
• 德州名企走向海外 参建赞比亚2000套经济适用房项目
• Zambia’s Chinese Debt in the Pandemic Era - Briefing Paper
• 德州日报：德建集团打开16个国家市场大门，近两年国际业务每年实现利润超亿元
• 商怀君副市长出席德建集团与赞比亚国民卫队经济适用房合作项目, 2018 Mid-Year Economic Review
• Zambia gets Chinese finance to build 2,000 houses for military
• Lungu launches K1.5 bn ZNS housing project
• HIS EXCELLENCY MR. EDGAR CHAGWA LUNGU PRESIDENT OF THE REPUBLIC OF ZAMBIA AND COMMANDER- IN- CHIEF OF THE ARMED FORCES AT THE LAUNCH OF THE CONSTRUCTION OF 2000 HOUSING UNITS FOR THE ZAMBIA NATIONAL SERVICE (ZNS) AT ZNS CHAMBA VALLEY
• Zambia national service team 2000 housing projects held groundbreaking ceremony Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.