Initiated in 2008, Kilamba was a part of President Jose Eduardo dos Santos’ election promise to build one million houses within the next four following years. After the end of the civil war which troubled the country up until 2002, Angola has been experiencing the emergence of middle class citizenry. Trapped between shantytowns and Luanda’s lavish properties, the members of Angola’s middle class found themselves searching for permanent and affordable quality housing.
700 pastel colours on Kilamba buildings
Spread over 50,200 hectares divided into 24 neighborhoods, Kilamba comprises more than 700 pastel colored buildings ranging from 5 to 11 stories, over a hundred commercial sites, and a handful of schools. Distinctively modern, painted in pastel colors, Kilamba’s premises could not only become home to more than half a million inhabitants, but also accommodate thousands of workers and students.
In February of 2013 President dos Santos launched an governmental subsidy program aimed at boosting the real estate market by making it easier for prospective buyers to get lower interest rates on loans. The price of a small apartment starts at $70,000 instead of $125,000, and none of the properties cost more than $190,000.
The infrastructure is very modern as are their facilities consisting of uninterrupted electricity and a perfect telecommunication system – rare finds in African cities. At night lights illuminate the city and there is security at every building making it a very safe neighbourhood. The promise of comfort, affordability and safety are what makes Kilamba a city like no other in the country. A national phenomenon, the project continues to attract 1,200 potential inhabitants a day, with thousands of others patiently waiting in line to fill out their application for a long desired apartment. For Angolans, Kilamba has become a synonym of social and economic progress, which makes it the most revolutionary project to be undertaken in recent years.
$70,000it is the starting price of a small apartment
Thanks to the China International Trust and Investment Corporation, who offered the Angolan goverment a credit line backed by oil production, the vision of a modern, organised and safe community turned into reality. The partners of CITIC, China Communication Construction and China Road and Bridge Corporation ensured the delivery of telecommunications infrastructure and the prompt development of new roads and highways, including one connecting Kilamba to the capital Luanda.
By no means a coincidence, China’s decision to invest in Kilamba was initiated by Pierre Falcone – one of the most powerful French entrepreneurs, and a Chairman of Pierson Capital Group. Equipped with decades of international experience in strategic consulting, including in Asia, he advised the Chinese in the process. Pierson Capital made China believe in the economic potential of freshly emancipated Angola, elevating the Kilamba project to the status of one of the most successful residential developments in the twenty-first century Africa.