The Zambian Government has said it is ready to assist investors achieve their objectives that are in line with efforts of achieving inclusive economic growth.
Copperbelt Minister Mwenya Musenge who recently toured Global Industries Limited premises in Ndola’s industrial area and the Global Plantations farm in Lufwanyama said Government would continue to support investments that create jobs as well as contribute to the country’s revenue base.
Mr Musenge commended Global Group for setting up a refinery and crusher plant and that their contribution towards the local communities would enhance the country’s economic prosperity.
Global Industries Limited and Global Plantations Limited are owned by multinational investors with vast experience in agriculture processing.
GIL, which was incorporated in 2007, operational since 2010 and awarded the best manufacturer of the year 2013 by the Zambia Association of Manufacturers (ZAM), anticipates attaining 20,000 hectares under farming to generate about 5,000 jobs in Lufwanyama District.
The minister commended the Group for investing in Lufwanyama Farm Bloc which is currently undergoing transformation and catering for critical sectors of Zambia’s development agenda.
He said Government’s desire was to diversify the economy, achieve inclusive growth and guard against adverse economic shocks.
And Lufwanyama Member of Parliament Annie Chungu said the shareholders of Global Group have played a major role in the development of Lufwanyama Constituency.
She said, “We recognise your sincerity, commitment and honesty in the development of Copperbelt region. We encourage you to continue with your investment, dedication and commitment to develop the region as Government we recognise your honest and sincere efforts.”
One Lufwanyama resident, Joseph Kapapu, who is a contractor, said the investment would enhance development in Lufwanyama area because many traders from cities such as Kitwe and Ndola.
The Group is working on to complete backward integrations by farming oil seeds, then crushing in the state of art technology oil seed solvent extraction crushing unit, then by refining, packaging and distribution in Zambia, DRC, Angola, Malawi, Zimbabwe regions.
The Zambia Development Agency (ZDA) has also commended shareholders of Global Plantations Limited for setting up an agriculture development in Lufwanyama, developing the Copperbelt region with investments and employment.
“On behalf of Government ZDA encourage the shareholders and directors of Global Industries and Global Plantations to continue with their investments,” reads a statement from ZDA.
ZDA recently signed first ever two Investment Promotion and Protection Agreements (IPPAs) with Global Group of companies with a combined commitment investment of US$142 million.
The first IPPA was signed with Global Industries Limited with an investment commitment of $90 million in agricultural production of oil seed crops, while the second is $52 million for setting up a crude vegetable oil refinery.
The Global Group has spent money on upgrading and building teachers’ accommodation at a Community School in the area, improvements to the local chief palaces, local clinic and has supported non-governmental organizations such as orphanage, old age home and home for the blind.
Story courtesy – Global Group