Mansa Sugar Limited is set to invest US$100 million in the development of a sugarcane plantation and processing plant in Chembe.
The investment is expected to increase the company’s processing capacity from 1,900 tonnes of cane per day to 3,500 tonnes per day.
The development was announced during the signing of an Investment Promotion and Protection Agreement (IPPA) between the Zambia Development Agency and Mansa Sugar Limited in Lusaka.
Speaking at the signing ceremony, ZDA Director General Albert Halwampa said the agreement demonstrates Zambia’s commitment to providing a predictable, secure and investor-friendly environment for businesses.
Mr. Halwampa said the agreement also reflects continued respect for investors and their contribution to national development.
Mansa Sugar Board Chairperson Mahul Shah said the company currently employs about 3,000 workers and has continued to reinvest in its operations to support growth and expansion.
Mr. Shah said the company’s achievements and continued growth have been supported by government institutions and other stakeholders.
He added that the company remains committed to contributing to Zambia’s economic development through increased investment, job creation and sustainable agricultural and industrial production.
