Q FM Africa's Modern Radio
Zambia Sugar plc will invest US$82 million in the construction of a modern, high-specification refinery at it Nakambala sugar operations that will more than double current annual refined sugar production capacity to 450,000 tons.
Speaking during the launch of the product alignment and refinery project launch in Mazabuka today, Zambia Sugar managing Director Rebecca Katowa explains that the refinery will give further impetus to the development of Zambian small holder cane farmers and provide employment for the local people during the Construction phase scheduled for completion next year.
Mrs Katowa says the key driver of the investment in the new refinery is the operations impressive historical track record and a strong forecast for domestic refined sugar growth.
She states that the new project underlines the company’s commitment to the economic growth and prosperity of Zambia, and aligns it strongly with the government’s clearly stated desire for higher levels of foreign direct investment, industrialization and job creation.
Mrs Katowa adds that investment into the new mill is part of the company’s objective to achieve a sustainable, balanced and integrated economic social and environmental performance.
And speaking when she officiated at the launch, commerce, trade and industry Minister Margaret Mwanakatwe says government is determined to accelerate efforts to industrialise and create jobs within the frameworks of industrialization and job creation strategy.
Ms Mwanakatwe points out that the Patriotic Front is mindful of the pro-poor platform upon which the party is founded.
She says it is in this regard that government’s desire is to ensure that all investments benefit the common man on the street.