Business

Egyptian firm to establish electrical factory

NKWETO MFULA, Ndola
UNIVERSAL Group of Egypt is considering setting up an electrical hub in Zambia to produce electrical appliances for the region.
In an interview at the just ended 52nd Zambia International Trade Fair (ZITF) , Universal Group export manager Khaled Elattar is optimistic that the firm will expand its business activities in the country owing Zambia’s geographical location.
Mr Elattar said the country is well positioned to enable the firm meet its aspirations of servicing Southern Africa Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA) markets.
Mr Elattar who could not disclose how much would be injected and when the project will be developed said the company will soon institute feasibility studies on the viability of the Zambian market.
“We are looking forward to setting up a base here in Zambia as a hub for the regional groupings, if we establish that there is a big market for electrical home appliances such as electrical and gas stoves, we will soon open a branch without hesitation,” he said.
He said the company is also searching for dealers and importers in Zambia.
Universal group has operations in Ghana, Kenya, Nigeria and Senegal.

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