By JUDITH NAMUTOWE –
THE number of investors expressing interest in the Lusaka South Multi-Facility Economic Zone (LS-MFEZ) has reached over 150 with the investment exceeding US$700 million.
LS-MFEZ managing director Fortune Kamusaki said of the interested investors as at June 30, 2016, 24 applications had been approved by the board with investment levels of $758 million.
“I wish to state that the number of expressions of interest to invest in LS-MFEZ has reached over 150, both local and foreign firms with investment levels of $758 million,” Dr Kamusaki said.
He said during the period under review, 14 lease agreements had been signed out of the 24 approved applications with a total investment of $330.3 million.
Companies that have signed lease agreements with the LS-MFEZ include the $10 million NRB Pharma Zambia Limited, $5 million Roland Imperial Tobacco, $3.2 million Zambian Fertilizers Limited, $1.2 million Giant Plastics Limited, $32.6 million Zambian Breweries Plc, $10 million Superior Milling Company, and $4 million Mylan Laboratories Limited.
Others are the $1.5 million Java Food Limited, $1.2 million Lunzua Beverages Limited $7 million Texila American University, $2 million G.N Tippers Limited and the $175 Gonow Zambia Limited.
Dr Kamusaki also said during the period under review, the zone procured 33 hectares of land to be used as a solid waste management centre on a public private partnership basis.
He said the policy of the LS-MFEZ was that all solid waste would be collected and sorted at allocated sites within the zone and then transported out to the solid waste landfill site.
“All residential, commercial and industrial investors within LS-MFEZ will adopt a multi-bin recycling system.
“All hazardous, toxic and medical waste will be collected in separate facilities and then transported out of the zone to a designated hazardous waste disposal facility approved by the Zambia Environmental Management Agency,” he said.