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NAPSA Pumps K60M In 3 Fruit Processing Factories

The National Pension Scheme Authority (NAPSA) has invested K60 million in three fruit processing factories under the Industrial Development Corporation (IDC) to revive economic activities in three regions of the country.

IDC Investment Manager Brian Nalishuwa has revealed in a statement issued by NAPSA head of Corporate Affairs Cephas Sinyangwe that financing of the project has been done through a loan facility to facilitate the early stage mobilisation of the factories.

He said the three factories that are currently being set up are the Kalene Hills Fruit Company Limited in Mwinilunga District, North-Western Province, the Eastern Tropical Fruits Company in Eastern Province and the cashew processing company in Western Province.

Three factories will be processing local agricultural products ranging from assorted fruits, cashew nuts to groundnuts, among others, for the purpose of value addition, Mr Nalishuwa said.

And NAPSA Director General, Yollard Kachinda says he is delighted with the investment because the factories will create thousands of direct and indirect jobs through various schemes.

9 Comments

  1. Bornwell Simunka

    lt’s a welcome move.Continue boosting the food processing industry.

  2. Just do it

    Good move!!! excellent

  3. JMS

    Well done, especially for Cashew if taken seriously it will contribute much to the country’s economy.

  4. japhet

    As long as corruption is entertained, we are going no where. As long as Zambia continues to have no leaders, we are doomed on the development frong

  5. japhet

    As long as corruption is entertained, we are going no where. As long as Zambia continues to have no leaders, we are doomed on the development front

  6. japhet

    We are good at dreaming, implementation is a place we are too timid to visit.

  7. Vans K

    Thanks very much ba Napsa. It’s a welcome move

  8. Chitimbwapre

    It’s an excellent move local industries to be assisted by local financials keep it up. Look into your members by assisting them to get loans many have projects that can grow through you

  9. Mungu mwape

    NAPSA through IDC should do the same to kenani rubber plantation. As a country we need to diversify our economy to agriculture and such cash crops is a sure way of creating more jobs and take in more forex

Comments are closed.