The Ministry of Commerce, Trade and Industry says the government is open for business and ready to work with investors in fostering development in the country.
Ministry of Commerce, Trade and Industry Permanent Secretary for Industrialisation and Investment, Crucivia Hichikumba says Zambia needs investments for job, and wealth creation, and generating government revenues to be used for various social services.
Speaking when he toured Ecostream Farms Limited in Chifulo village in Mungwi district yesterday, Mr Hichikumba said one of the major mandates of the Ministry is to promote investment in the country.
“We need investment for jobs and wealth to generate government revenue which we use to pay for health, free education and many other social services,’’ he said.
Mr Hichikumba observed that the capital injection in rice and fish investment at Ecostream farms may not be as huge as the investment made in the mines but the impact on the local community is visible.
“The K4.2 million may not be a very huge investment but the impact on the community through job creation and skills transfer is visible and huge especially to the local community,” he added.
Mr Hichikumba has challenged local people in the area to replicate the skills and knowledge gained from Ecostreams Farms into making their own fish ponds.
“Use the knowledge you have gained here to better your livelihood, make your own ponds, this will also contribute to the country’s improved economic status through fish and rice exports,” he said.
He further paid tribute to Paramount Chief Chitimukulu and other traditional leaders for supporting the investment and further appealed to them to encourage more youths to venture into fish farming.
And speaking earlier Mungwi District Commissioner, Muma Musonda said the District Administration urged Ecostream Farms to work in collaboration with local people.
Speaking through Mungwi District Administrative officer, Remmy Kawimbe, Mr Musonda further expressed optimism that as Ecostreams expand, more youths in Chifulo village will be employed thereby creating more jobs and expanding the economic outlook of the area.
And Ecostream Farms Limited Chairperson, Andrew Mwamba revealed that Ecostream is an integrated company of fish, rice and chicken production with a targeted investment of K4.2 million out of which K3.7 million has so far been spent.
Mr Mwamba disclosed that at construction stage Ecostream employed 150 locals but was quick to clarify that currently it has 16 permanent workers and 6 seasonal workers.
“The current fish stock we have is 360,000 representing 20 tons of fish arising from the K4.2 million out of which K 3.7 million has already been injected in the project that includes the rice production as seen from the nurseries here,” he added.
Mr Mwamba says the current fish stock is targeting the local market adding that the company’s intention is to increase fish stock to about 300 tons thereby targeting the fish to export to neighboring countries including the DRC.
He has since called on Zambians to embrace collaboration with investors citing the vast land, water resources and the already marketed opportunities to increase the economic activities.
And Paramount Chief Chitimukulu said investments such as Ecostream Farms must be embraced for the development of the local community.
The traditional leader emphasised the need for locals to learn from the expertise of the company.
Speaking through his representative headman Koni, Davis Chama, Paramount Chief Chitimukulu further called on locals in Chifulo area to avoid engaging in vandalism and theft of the investments made in the area.
Ecostream Farms is a Zambian incorporated company which is 78 percent owned by Bangladesh and 22 percent Zambian located in a Chifulo village in Mungwi district in Northern Province.