25 firms invest $5 billion in Luapula Investments

ABOUT 25 firms have invested more than $5 billion following the Luapula Expo and presidential global investment campaigns, says provincial coordinator Joseph Maopu.

Mr Maopu said Mansa Sugar Limited had set a footprint consisting of 10,000 hectares of sugarcane plantation and crushing plant at $50million.

He said Central Agri Commodities Limited had established a 3,000 hectares sugarcane plantation on community out-grower model at $ 7.5million.

Mr Maopu listed several companies such as Peldic

Limited which has 100 fish ponds and fish processing plant with a total investment value of K4.7 million.

He said Mansa Chili had set up a chili processing plant and out-grower scheme worth $2.5 million.

Archnicks Architects and Landscape Designs, he said, had established a business park with an investment value of $10 million. Others were Ditech Engineering Limited which has established a three-star hotel and business park at $3.5million, Kabasa Manganese Mine at $45 million, GED Border Development Zone Limited which is upgrading Kashiba Border Post at $2.5Million and GED Africa undertaking the Kasomeno-Mwenda Road and Bridge project at $380million.

Sunbird Bio Energy Ltd is developing 20,000 hectares cassava plantation, out-grower scheme and establishment of ethanol plant worth $300million.

Nava Bharat Limited’s 10,000 Hectares sugarcane plantation and ethanol production plant at $ 200million is also part of the investment in the province.