. Lubinda

By Judith Namutowe  –
A FOREIGN investor will soon invest more than US$300 million in the setting up of a sugar processing plant in the Luena Farm Bloc in Kawambwa District of Luapula Province.
When fully operational, the project is expected to create more than 1,000 job opportunities for local people.
The investor was targeting the 10,000 hectares of land which was the core venture in the Luena Farm Bloc, but that he was waiting for letter of approval from that the said investor was currently working on paper work with a council of line ministries.
It was expected that once the factory is established, the investor would be growing sugar which would be processed into finished product.
A council of ministers being chaired by Agriculture Minister Given Lubinda is looking at the paper work for the application by the investor.
The other two ministries involved are Ministry of Land and Ministry of Commerce, Trade and Industry.
“So once the paper work is done, the investor will be given the land.
This investor is interested in the core venture in the farm bloc,” Mr Mpasa said.
Mr Mpasa has since appealed to the council of ministers to speed up the process so that the investor could commence the project which would help develop the area.
He said the district administration had been waiting for this particular project for a long time hence the need for the council to speed up the process.
“We want our people to start benefiting from the project. Therefore we hoping that the council of ministers will soon complete the paper work,” he said.