Our Investments

Thebe presently has several projects under development. These include Nkwashi (see nkwashi.com), a US$1.5 billion 3,100-acre mixed-use development in Lusaka. With over 9400 residential properties, and capacity for a further 7000 apartment units; Nkwashi is the largest private development of its kind in Zambia, and is among the 20 largest real estate projects on the continent. Outside of its existing education investments, Thebe’s portfolio management groups also have an investment pipeline of ventures involved in education, education technology (EdTech), enterprise technology (PaaS), hospitality and urban renewal. This is all with the ultimate goal of investing in areas that have large impact potential for African civilisation, and attractive return potential. We make our investments through proprietary investment funds that we control.


Thebe is the developer of Nkwashi, a 3,100-acre mixed-use development in Lusaka, Zambia. It is among the largest real estate developments in Africa. The estate will have approximately 500 acres worth of green spaces, including over 60 acres of public parks, and two lakes (created by two earth dams) that will hold in excess of 4 billion litres of water. The estate is part of a continent wide trend in new urban developments; the creation of satellite cities to help provide well planned communities to the emergent middle class.

The Nkwashi development includes provisions for the following: