Business

Computer assembly plant in setback

ESTHER MSETEKA, Lusaka
CONSTRUCTION of a computer assembling plant in the Lusaka South Multi-Facility Economic Zone (LS-MFEZ) still awaits the buying guarantee and selection of a partner before it can be implemented.
In February 2016, the Zambia Information and Communications Technology Authority (ZICTA) bought land in the LS-MFEZ to build a computer assembling plant, initially scheduled to be completed last year.
But the erection of the plant has delayed due to the lack of a buying guarantee, which is an agreement where an institution pledges that it will buy products from a manufacturer.
Responding to a query, ZICTA corporate communications officer Hanford Chaaba said a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and http://epaper.daily-mail.co.zm/

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