Business

Chililabombwe shopping mall on cards

TRYNESS MBALE, Lusaka
THE booming mining industries in Zambia and the Democratic Republic of Congo (DRC) has ‘tempered’ Copperbelt Food Industries Zambia Limited to construct a shopping complex to diversify the firm’s business portfolio.
Copperbelt Food Industries Zambia Limited plans to stake US$8.5 million in Chililabombwe’s Kasumbalesa area.
The objective is also aimed at contributing to national development by providing employment, among others, according to an environmental impact assessment (EIA) report submitted to Zambia Environmental Management Agency (ZEMA).
The project will enhance infrastructure development in Kasumbalesa as the border town lacks an international standard shopping complex and is underdeveloped, denying the public the shopping experience.
“The company intends to construct a shopping complex in Kasumbalesa at an estimated cost of US$8.5 million [K52.25 million],” the report reads.
Copperbelt Food Industries Zambia Limited belongs to Antelope Whosale Merchants Corporation Limited, a group established in 1953.
The EIS says DRC also provides ready market for Zambian products, goods and services but, it has been hampered by shortage of modern shopping complexes in the area.
About 30 direct jobs are expected to be created at the construction phase and 20 permanent jobs at operation phase.
Under phase one, the company is expected to start the project in August this year after approval from ZEMA and it should be completed before the end of 2017.
The major components of the project include 25 single shops, stores for two anchor shops, three food courts, building facilities for banks and other financial institutions.
Other components are parking   areas with space for about 400 vehicles and ancillary facilities.
Copperbelt Food Industries Zambia Limited has also proposed an environmental and socio-economic impact management plan in the EIA report.

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