The Industrial Development Corporation (IDC) has refuted claims that ZAFFICO has been sold to any investor foreign or local.
IDC public relations manager Namakau Mukulebai said that any information to the contrary is untrue.
Reacting to reports that ZAFFICO has been sold to the Chinese Investors, Ms Mukelebai said that the IDC has the mandate to reposition its existing portfolio of companies by ensuring sustainable growth and profitability, with the aim of listing on the Lusaka Stock Exchange -LuSE- for broader Zambian ownership and benefit through dividends
Ms Mukelebai said that plans are underway to list ZAFFICO on the Lusaka Stock Exchange (LuSE) and all Zambians will have an opportunity to buy shares, thereby becoming part-owners of the company.
Ms Mukelebai said that listing on the LuSE will provide ZAFFICO an opportunity to raise cheaper and longer dated capital to finance business growth to spur job creation and enhance domestic resource mobilisation.
This is according to a statement issued to ZNBC news in Lusaka by Ms Mukelebai.