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43 firms set up at Chambishi economic zone

HONE SIAME, Kitwe
FORTY-THREE foreign and local companies have set up businesses at the newly-constructed Chambishi Multi-Facility Economic Zone (CMFEZ) on the Copperbelt.
According to a progress report released by Zambia-China Economic and Trade Co-operation Zone (ZCCZ), CMFEZ overseer Tao Xinghu said the facility has attracted investments in almost all sectors of the country’s economy.
Mr Tao, who is also vice-president of China Non-Ferrous Metal Mining, named the sectors as mining, construction, trade, agriculture, health, geological exploration, engineering and banking, among others.
He called on other foreign and local companies to consider setting up their businesses at the CMFEZ to benefit from various incentives that come with operating from established economic zones.
“Regarding the investment promotion and protection agreement relating to ZCCZ in Zambia, the zone enterprises in the priority sectors may enjoy many incentives declared under the Zambia Development Agency Act of 2006,” Mr Tao said.
According to the progress report, Sino Metals Leach Zambia Limited, Chambishi Copper Smelter Limited, Fifteen MCC Africa Construction and Trade Limited, Reba Industrial Co-operation Limited, Zambia Non-ferrous Metals Exploration and Construction, Bolo Mining Investment, Tikto Industries Limited and JCHX Mining Construction Zambia Limited are some of the companies that have established businesses at the facility.
Others are CNMN Development Zambia Investment Company, Changesheng Mining Equipment Limited and Kilosail Corrosion-proof Technology.

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