A South African company will this month start work on a 2- hundred and 51 million US dollar project involving a sugar plantation and bio-ethanol plant in Kazungula District. This came to light during the signing of a Memorandum of Understanding between AGZAM project developers Limited and the Zambia development Agency- ZDA in Livingstone yesterday.
ZNBC‘s Kennedy Bwalya reports from Livingstone that President Rupiah Bands witnessed the signing of the MOU for the project which will create 4000 for the local people. AGZAM Project Business Development Manager Anthony Alexander (above) said the new company will be producing 200,000 metric tonnes of sugar and 28 million litres of bio-ethanol per annum.
And ZDA Director for Investment promotion Muhabi Lungu said the project is one of the biggest investments the country has achieved this year. And President Banda said he is excited that government has managed to facilitate a huge investment that would create new job opportunities for Zambians.
Mr Banda said he is happy that the new project which is expected to kick off in the next 21 days, will create wealth for the nation.
How come I got the photo? Guess!!