Government has urged foreign investors to acknowledge the need for jobs of communities where they establish their companies.
Speaking during the official launch of Simba Holding Milling factory in Katuba Constituency in Chibombo district on Tuesday, Minister of Commerce, Trade and Industry Chipoka Mulenga advised investors to abide by labour laws.
Mr. Mulenga further advised the investors to adopt the culture of developing guaranteed maize markets by signing contracts production with farmers as this will develop a consistent interest in farming as it will be considered as business.
He told members of Katuba Constituency to guard and protect the milling plant as they are the first beneficiaries of the investment brought to them.
“Am appealing to the local people here to take care of this huge investment which has been brought here, ” said Mr. Mulenga.
And Millers’ Association of Zambia (MAZ) President Andrew Chintala said the association is delighted by the confidence investors have placed in Zambia and Zambia’s ability to respect the rules of cross border investments.
“We are happy with this investment which is adding value to the production of starch, cornflakes and other products for export to other countries,” said Mr. Chintala.
Simba Group of Companies’ Chief Executive Officer (CEO) David Ndelwa has disclosed that the expansion of Simba Holdings will enable it to meet the growing needs of Maize meals and maize products of the Zambian market and its neighbouring countries.
Mr. Ndelwa said the plant’s yearly revenue is expected to be 35 million US Dollars and will create 300 direct Jobs when operating at full capacity.