M fish-farming project set for Luapula

ZNBS to empower rural communities By BUSINESS REPORTER SUNSHARE Investments Limited will invest $15 million in fish farming and fish processing in Luapula province.

According to Luapula Province Minister 1icNson Chilangwa, the feasibility studies are expected to start this month.

Once implemented, the proMect would produce 10,000 tonnes of fish per year at full production.

³Sunshare ,nvestments Limited, a Chinese firm has earmarNed the investment of

15 million in a fish farming and fish processing proMect,´ Mr Chilangwa announced in a statement.

Mr Chilangwa said following the successful hosting of the Luapula (xpo and ,nvestment Conference, Sunshare has Moined the over 0 local and international companies who have expressed interest in setting up businesses in Luapula Province. +e said the proMect would create 250 Mobs for the people of Luapula Province.

The minister said Sunshare would also offer logistical and technical support to small scale fish farmers.

Sunshare was established in Zambia in 2009 with its business scope covering high

end property development, real estate, engineering and construction, manufacture of building materials, agriculture and fish farming.

Sunshare is a Chinese company and are the owners of that beautiful tower building you see in LusaNa next to Radisson %lue +otel. ,t has been in the fishing business for the past 15 years. Our cry over depleted fish stocNs in our natural water bodies in Luapula will soon be over. This is a serious investment, Mr Chilangwa said. Fish farmers in Zambia