Government says the country is still in dire need of foreign investment as this was the only way the economy would grow and subsequently improve living standards of locals.
Kafue District Commissioner Winford Ngoma said it always pleased Government whenever foreign investors showed interest to set up industries in the country as this was an indication that the country’s economical and political climate was conducive for foreign investment.
ZANIS reports that Mr Ngoma said this in Kafue today when representatives of TALTEC a South African based company specialised in livestock handling equipment paid a courtesy call on him at his office.
He said the country is in a hurry to develop and welcomed investors willing to bring in development adding that Kafue was one district which had of late been attracting investment and seen a number of companies being set up.
Mr Ngoma said once plans for the plant were finalised and implemented, more jobs in the district would be created.
Kafue District Commissioner Winford Ngoma said it always pleased Government whenever foreign investors showed interest to set up industries in the country as this was an indication that the country’s economical and political climate was conducive for foreign investment.
ZANIS reports that Mr Ngoma said this in Kafue today when representatives of TALTEC a South African based company specialised in livestock handling equipment paid a courtesy call on him at his office.
He said the country is in a hurry to develop and welcomed investors willing to bring in development adding that Kafue was one district which had of late been attracting investment and seen a number of companies being set up.
Mr Ngoma said once plans for the plant were finalised and implemented, more jobs in the district would be created.
He advised Zambian investors to explore and partner with outsiders for the economy to continue growing.
And TALC-TEC Managing Director Greg Talbot informed the District Commissioner that his visit to Zambia was to meet the company’s partners in the country and discuss how they could make their products easily accessible to customers.
And TALC-TEC Managing Director Greg Talbot informed the District Commissioner that his visit to Zambia was to meet the company’s partners in the country and discuss how they could make their products easily accessible to customers.
He added that the company was also in discussion with its Zambian partner FENS Investment to start constructing a warehouse to be followed by a fully fledged assembly plant in Kafue district.
Mr Talbot said the company was happy with the investment climate the country was offering.
Mr Talbot said the company was happy with the investment climate the country was offering.
He disclosed that TALC-TEC operates in other sub Saharan countries would ensure that it makes products that could easily be afforded by peasant farmers.
Mr Talbot noted that the majority of cattle farmers were peasant farmers who lacked proper livestock equipment which the company intends to fill up.
Mr Talbot noted that the majority of cattle farmers were peasant farmers who lacked proper livestock equipment which the company intends to fill up.
He expressed optimism that with livestock equipment among peasant farmers, cattle production was poised to grow and thereby reduce animal diseases.
ZANIS
ZANIS
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