Luapula Expo attracts investment to the province

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Luapula Province Minister Nickson Chilangwa revealed that the Luapula Province Expo has helped the Province in receiving more investments. 

And Chilangwa has assured that the Provincial Administration will continue to market the province locally and outside Zambia in a quest to bring in more investments.

“Prior to the hosting of the Luapula Expo and Investment Conference, three major investment projects were underway in the province namely: Mansa Sugar Ltd’s 5,000 hectares sugar plantation in Chembe, GED Africa Ltd’s Kasomeno- Mwenda Road and Bridge Project, ZAFFICO’s 20,000 hectares forestry plantation in Kawambwa, Sunbird and Nava Bharat’s 10,000 hectares cassava project and 10,000hectares sugarcane plantation respectively in the Luena Farm Block. However, most of these projects were at the time at feasibility stages and about 20% actual development stages. It is worth noting that the Luapula Expo and Investment Conference drive propelled significant progress on these projects,” Chilangwa said in a detailed report on how the Luapula Province Expo and Investment Conference fared.

He said since the hosting of the Luapula Expo and Investment Conference in July, 2017 the province has received about 90 project investment inquiries and pledges. He said the Provincial Administration has been working round the clock to actualize these investment inquiries and pledges.

“The provincial Investments Promotion and Development Committee formed. Local Authorities and Traditional Authorities actively involved in the investment promotion and development programme. Of the 90 project investment inquiries 40 are off the ground at various feasibility and actual development stages.The combined investment value of the 40 projects that are currently off the ground amounts to 2.2Billion USD. The investments are spread across the 12 Districts of the Province thereby assuring significant economic activity in all corners of the province,” the Kawambwa central Law maker explained.

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Start: 2019-07-01 End: 2019-07-31