Amatheon Agric Zambia operating in Chief Kaindu’s area in Mumbwa district, says it plans to double investment in Zambia at a cost of One hundred and twenty million United States dollars.
Amatheon Agri Zambia Managing Director Troy Minne said the commercial farm has currently invested sixty million United States dollars in the agriculture sector.
Mr. Minne revealed that the investment was injected in wheat, maize, soya beans, animal husbandry and an out-grower scheme since inception five years ago in 2011.
Mr. Minne disclosed this when State House Special Assistant to the President for Policy, Projects and Monitoring, Lucky Mulusa inspected and toured the farm.
He further disclosed that additional ten million United States dollars would be invested to construct 10.2-thousand cubic litre dams for irrigational purposes.
Mr. Minne commended government for the good fiscal economic policies set in the agricultural sector.
He stated that the farm sitting on five thousand hectares piece of land is committed to uplifting people’s lives in communities, empowering them economically and socially besides adhering to the country’s labour laws and environmental effects.
Amatheon -Agri is a European agri-business and food company headquartered in Berlin, German and operating in Sub-Saharan Africa among them Uganda and Zambia.