ZICA Launches the ZICA Property Fund

The Zambia Institute of Chartered Accountants (ZICA) has launched the ZICA Property Fund at the Intercontinental Hotel. The primary objective of the FUND is to provide unit holders with stable cash distributions from investments in a diversified portfolio of income- producing real estate properties and to improve and maximize unit value through the on going management of the FUND’s assets, acquisitions and the development of additional income- producing real properties.

The FUND will invest primarily in a diversified portfolio of quality commercial real estate properties in Zambia. Its principal targeted assets are investments in properties in prime locations within Lusaka, Ndola and other major cities in Zambia.The FUND is a sub-fund under the umbrella of Equity Capital Resources Unit Trust (ECRUT), which is authorized in Zambia as a Collective Investment Scheme under section 121 of the Securities and Exchange Commission ACT No. 41 of 2016.

The Guest of honor at the launch was the Minister of Finance Honorable Felix Mutati MP. In the picture L-R Deputy Accountant General Anne Chikwanda, ZICA Vice President Cecilia Zimba, ZICA CEO Dr. Hapenga M. Kabeta, Minister of Finance Honorable Felix Mutati MP and ZICA President Jason S. Kazilimani Officially launching the Fund.