CHOMBA MUSIKA, Lusaka
TOYOTA Tsusho Corporation, a Japanese company, is considering setting up a battery manufacturing plant in Zambia in line
with Government’s industrialisation agenda.
Toyota Tsusho Corporation general manager for Africa business development Kenji Suzuki said the firm will consider embarking on local production of batteries in Zambia once feasibility studies are done.
He said this in response to Ministry of Commerce, Trade and Industry permanent secretary Kayula Siame, who requested Toyota Tsusho Corporation to consider extending its investment to Zambia.
“Our company would consider starting local production of batteries once the project is operational. We could do this step by step because this kind of solar batteries utilises advanced technology in the manufacturing process,” Mr Suzuki said.
Ms Siame said Government is enthusiastic to see the imminent investment in an off-grid energy solution project by the company, and hopes that Toyota can diversify their investments.
She said government welcomes meaningful investment in waste management and recycling, which is a sure way of creating employment and keeping the country clean and healthy.
Ms Siame said this on Tuesday during a presentation on waste management by Meiwa Company Limited on the sidelines of the second Japan Africa Business Forum in Tokyo, Japan, which has attracted captains of industries, government officials, and business communities from both Africa and Japan.
“The investment can be done in a phased approach after which you could then look at the whole eastern Africa, COMESA and SADC markets, where you could market the products because Zambia is strategically located,” Ms Siame said.
This is contained in a statement issued yesterday by first secretary for press at the Zambian embassy in Tokyo Yotam Mugara.
Ms Siame said Government is eager to attract more investment to contribute to transformation of Zambia into an economic hub for Africa.
She said government is ready to support investment, especially in untapped sectors such as waste recycling and management, which will have a positive impact on social and economic sectors.