Minister woos investors for Lusaka South MFEZ

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SUN BUSINESS writes

@SunZambian

LOCAL and foreign investors should take interest to invest in Lusaka South Multi-Facility Zone as only 15 percent of land has been occupied so far, acting Minister of Commerce and Industry Mutotwe Kafwaya has said.

The minister said investing in the multi-facility economic zone would help in creating jobs as well as contributing to the country’s economy.

Mr Kafwaya said Zambia was a favourable destination for investment due to the good policies which the government had put in place.

He said, therefore, it was prudent that both local and foreign investors took interest in investing in the zone.

Mr Kafwaya said “I am reliably informed that only about 15 percent of land has been developed in the zone, so we call upon many other investors to set up their businesses in the zone.

“Let me say that the idea of the economic zone is the government’s idea to bring investment in the country. And the development you are seeing has been the development of gradual process from 2012 to date.

“It is very clear to observe that our agenda for economic diversification is anchored on manufacturing, agriculture and tourism. So this facility demonstrates that we have capacity or potential to develop manufacturing,” Mr Kafwaya said.

He said that it was impressive to see that some investors had injected funds to invest in the zone mainly in the manufacturing sector.

Mr Mutotwe said “more potential investors can come and set up what is missing in the zone.

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