A US$10 million mobile phone manufacturing plant, known as M-mobile Telecommunications Zambia limited (M-Tech), has officially opened in Lusaka.
This is the first ever cellular phone manufacturing company to open in Zambia.
President Rupiah Banda officially launched the plant today and said the company would employ over 200 Zambians in various capacities.
President Banda said among the 200 Zambians that would be employed will be engineers, technicians and may others in various technical fields.
He was happy that the company would benefit Zambians through employment creation, technology transfer and human resources development among others.
He stressed that government would continue to create a conducive and competitive environment for the private sector to thrive in various sectors of the economy.
“Keeping Zambia competitive begins with keeping our economy growing. And our economy can only grow when a lot more Zambians invest in the domestic economy,” he said.
President Banda said Zambia was now boasting of home-grown corporations which he said were now among the largest in Africa.
The President said government was determined to continue facilitating actual production of mobile phones, adding that this would greatly help reduce the cost of communication in the country.
He further said this was aimed at adding value to the country’s economic development process, which was a significant step towards the realization of the vision 2030 of transforming Zambia into a middle income country.
He explained that the mobile phone manufacturing investment has come at a time when the country is facing the global financial meltdown that has put pressure on most of economies world wide.
Speaking earlier, M-Tech chairperson, Seedat Mohamed, said the M-Tech cell phone were a fully registered Zambian brand, which would grow to make the country proud.
Mr. Mohamed noted that the technology used in the cell phone manufacturing was of superior standard, adding that it meets all international requirements.
He said the phones have the best reception to all the three net works as they were fine tuned in Zambia.
Mr. Mohamed said the company will be producing about 1,000 phones per day which will cost about K200, 000 (US$36) each.