Business

Bee products firm needs K2m recapitalisation

BUTTYSON KANDIMBA, Kabompo
THE Kabompo Bee Products Company in North-Western Province says it requires a total of K2 million to recapitalise its honey production after it closed five years ago due to financial constraints.
Company manager Gilpin Muhandu said in an interview recently that the firm, once fully operational, is expected to create about 80 jobs for the local people.
“In terms of jobs, we will create permanent employment for 28 people who will be based at the factory, 32 extension workers and 20 people will be employed as casual workers to help in the honey production,” Mr Muhandu said.
He commended Government for assisting the company with a K500,000 loan through the Citizens Economic Empowerment Commission  (CEEC) to revamp its  operations.
He, however, appealed for more funding to enable the company operate at full capacity.
Mr Muhandu said over 6,000 bee-keepers in the province who depend on the firm to buy honey have been affected since the closure of the company.






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