Turk­ish in­vestors head for Zam­bia

Daily Nation Newspaper - - HOME NEWS DAILY NATION -

By SAN­DRA MACHIMA A DEL­E­GA­TION of po­ten­tial in­vestors from Turkey’s 55,000-mem­ber In­de­pen­dent In­dus­tri­al­ists and Busi­ness­men As­so­ci­a­tion (MUSIAD), is next month ex­pected in Zam­bia to ex­plore in­vest­ment op­por­tu­ni­ties in the agri­cul­ture sec­tor.

The trip will en­able the four-mem­ber team ex­plore the pos­si­bil­ity of es­tab­lish­ing an agri­cul­tural equip­ment as­sem­bly plant.

They will also look into the ac­qui­si­tion and cul­ti­va­tion of over 200 hectares for com­mer­cial farm­ing and agro-pro­cess­ing us­ing highly mech­a­nised meth­ods to en­sure op­ti­mum crop out­put.

Charge d’af­faires of Zam­bia in Turkey, Bwalya Nondo said Pres­i­dent Edgar Lungu and his ad­min­is­tra­tion had placed agri­cul­ture at the core of eco­nomic de­vel­op­ment.

In July, the Zam­bian mis­sion in Ankara mo­bilised and con­ducted an in­vest­ment pro­mo­tion fo­rum in Turkey’s agri­cul­tural hub Konya, at which 15 rep­utable Turk­ish com­pa­nies un­der the um­brella of MUSIAD ex­pressed in­ter­est in un­der­tak­ing an in­vest­ment mis­sion to Zam­bia.

The 15 po­ten­tial in­vestors signed forms to ex­press their in­ter­est to in­vest across var­i­ous sec­tors in Zam­bia as a demon­stra­tion of their se­ri­ous­ness to have a pres­ence in Zam­bia.

The pro­posed busi­ness mis­sion to Zam­bia was an­nounced in Ankara on Wed­nes­day when the del­e­ga­tion com­pris­ing MUSIAD pres­i­dent Omer Faruk Okka, vice-pres­i­dent Hifsi Soy­demir and Board mem­ber, Mehmet Hilmi Kag­nici, paid a cour­tesy call at the Zam­bian Chancery.

MUSIAD pres­i­dent Omer Faruk Okka said MUSIAD had mo­bilised an ini­tial del­e­ga­tion of four board mem­bers to un­der­take a busi­ness mis­sion to Zam­bia next month to ex­plore in­vest­ment op­por­tu­ni­ties, es­pe­cially in the agri­cul­ture sec­tor fol­low­ing in­ter­ac­tion with the Zam­bian mis­sion.

He said his del­e­ga­tion would also lay the ground for other Turk­ish com­pa­nies un­der the um­brella of MUSIAD to visit Zam­bia on a busi­ness mis­sion planned for the first quar­ter of next year.

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