Friday, March 29, 2024

Illovo to expand business in Zambia

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File: Some Zambia sugar shareholders plucking sugar cane during the conducted tour of the Zambia sugar factory
File: Some Zambia sugar shareholders plucking sugar cane during the conducted tour of the Zambia sugar factory

Illovo sugar Central Regional Director, Ian Parrott, has commended government for establishing political and economic stability in the country.

Mr Parrott noted that the country had an investor-friendly environment.

He revealed that Illovo was scouting for further investment in Zambia so as to demonstrate its commitment made since its acquisition of Zambia Sugar in 2001.
Mr Parrott congratulated the Zambia Sugar team for the strides made so far and hoped that their future targets would be achieved.

He said this when the Permanent Secretary of the Ministry of Commerce, Trade And Industry, Siazongo Siakalenge, visited Zambia Sugar’s Nakambala Estate in Mazabuka today.

And Mr Parrott has revealed that Zambia Sugar was working on a major expansion of its existing operations.

He said details of the project would be communicated later as it was subject to company, government, various regulatory approvals and that of the Illovo sugar group board.

Illovo Sugar is Africa’s largest sugar producer and its investment commitment has been among other things to increase significantly the existing area of land under cane through its agricultural operations.

And Ministry of Commerce, Trade and Industry Permanent Secretary, Siazongo Siakalenge has welcomed the news by Illovo concerning the expansion of Zambia sugars existing operations.

He said Zambia Sugar was doing well as one of the companies that had signed an investment promotion agreement.

Mr Siakalenge, who toured the Nakambala Estate, noted that the company was a success story of privatization.

He urged Illovo to continue developing local businesses in the domestic economy as it was the only way in which the business could be expanded in domestic markets.

Mr Siakalenge reaffirmed government’s commitment towards working with investors for the development of the country.

9 COMMENTS

  1. Ian Parrot is talking now that he knows there is a new government coming in. He doesn’t want them to raise the issue of taxes by pretending that Illovo is expanding and will create more jobs for our population. Its good news obviously but the timing Mr Parrot??? He should talk to Pamela Chisanga – Action Aid, am sure she has something to contribute on taxes.

    • You Illovo! you have ploughed and tilled the land in Mazabuka and gotten sweet out of our land right? What have you done for the general populace of Mazabuka? Nothing! You do not even have a building or offices in Mazabuka town to push your weight and show your presence. Other than just giving mediocre seasonal jobs to the manyengos (cane cutters mostly impoverished Lozis) there is nothing else other than your fields being breeding grounds for the blood thirsty gigantic Mosquitoes. You do not even sponsor a roundabout in Mazabuka or just extending the Tarmac to some of the localities where your workers reside would be desirable. The drainage system in these townships are non-existent and yet you have all the equipment to facilitate this. Gary Nkombo please take them to task.

  2. Good news, but let’s invest in the health of our workers and families.undoubtedly, Zambia sugar is one of the companies doing fine in Zambia, but it’s so surprising that they don’t even have an ultrasound machine at their clinic, their people have to go all the way to monze mission hospital.elsewhere, let’s improve nakambala stadium, the pitch is pathetic like a primary sch ground, and that ka thing they call grandstand accommodates 20 people no shelter.

  3. Licking government? What do you want? You sell an everyday required commodity extremely expensive, make tons of profit and assist a selected few with depots & transport, on top of that, you use most if not all profits to develop South Africa, get it right Parrot, all you bloody bleeding poor African countries like your ancestors did through economic colonialism.

  4. true much as you make huge profits can the company improve on social amenities.we are tired and sick of such sentiments.we need to company to imrove on health sector,and other meaningful developments not just reaping profits.

  5. ,Mr Siakalenge, who toured the Nakambala Estate, noted that the company was a success story of privatization.’

    Not from locals point of view.

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