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Wednesday, July 8, 2020

Turkish agro-processing company pledge to invest in Zambia

Economy Turkish agro-processing company pledge to invest in Zambia

FRONTEKS, a Turkish agro-processing company, has pledged to invest an initial US$ 4 million into an agro-processing plant in Zambia.

Fronteks chairman Metin Gulec has rated Zambia as the best investment destination in Africa with incomparable incentives for investors.

Mr Gulec said Fronteks, which is also renowned for infrastructure development, will in future consider investing in real estate and infrastructure development in the country.

He said this when he paid a courtesy call on Chargé d’Affaires at the Zambian Mission in Turkey, Bwalya Nondo.

Mr Gulec assured Mr Nondo that he would use his influence to invite other Turkish companies to invest in Zambia.

He said he will announce his travel plans to Zambia as soon as internal administrative procedures are finalised.

And Mr Nondo assured Mr Gulec that his choice for Zambia as an investment destination is right because the country has the right investment climate, political stability, appropriate incentives for investors, and availability of labour.

“We are trying to encourage value addition to help create jobs and promote technology transfer for our people,” Mr Nondo said.

He also observed that Zambia is centrally located and Fronteks can take advantage this strategic position by exporting products to the entire southern African region in addition to the local market.

The Zambian mission in Ankara has been identifying and interacting with reputable Turkish agro-processing companies that manufacture products out of fruits in an effort to attract them to invest in Zambia.

This is according to the statement issued by the First Secretary for press Jerry Munthali at the Zambian embassy in Ankara, in  Turkey.

 

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10 COMMENTS

    • Did they deliver the cargo ship of electricity which Dora bought when she briefly worked as PF energy minister?
      Saulosi should have details…

  1. Foreigners are pledging to invest in agriculture …our MPs are more interested investing money in State House that they claim is falling apart!!

  2. I don’t see any problem with Turkish people investing in Zambia, however Zambian should also learn from such investors.
    Land must be fairly given even among all Zambians who have interest in land acquisition.
    What is wrong is to keep the common Zambian from his father land and keep him a perpetual squatter in his own country.

  3. POOR AFRICANS , BEGGARS, LAZY PEOPLE, CORRUPT, MALNOURISHED AND HIV INFECTED ZAMBIANS ARE WELL KNOWN FOR INVESTORS WHO JUST APPEAR ON PAPER BUT ON THE GROUND NOTHING …

  4. Just google Fronteks turkey and there is no reference whatsoever that i can find. Can anyone else ,ocate them thru any form of media. Lot of announcements when international guests are in zambia. It is ndola trade fair isn’t it.

  5. Turkey was strong in the Ottoman Empire.
    Its current President is nostalgic of the glory of the Ottoman Empire and wants to dress like an Emperor; he is trying to rebuild the Ottoman Empire; Promote and propagate Islam and Turkish Culture in Africa.; he is a figurehead President with real power in the Turkish Intelligence.
    Turkey is known for being in the middle of Global Drug Trafficking Network; It is one of the biggest Counterfeit Producer of assorted goods; it is reportedly helping the ISIS.
    Zambia’s Investment Policy should include the partnership of Foreign Investors with Zambians, as one of the prerequisites.

  6. Col SG Musonda thank ypu for highlighting what is apparent in the diaspora but unavailable to the populace of zambia due to the media focussing on domestic issues and not reporting on i ternational news.
    We hzve to look not only at the investment but any motives perceived or otherwise behind the investment.
    Fronteks is not on googke but frontex is. Frontex is a security entity specialising in border controls

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