Business

Electrical equipment-manufacturing plant to be established

KALONDE NYATI, Lusaka
A US$15 million electrical equipment-manufacturing plant is expected to be established at the Lusaka South Multi-facility Zone (LS-MFEZ), positioning the country as a hub for electrical appliances.

The plant, to be developed by Afrizam Electrical Equipment Limited, a company which is in partnership with Zambian firms and a Chinese-based firm, Rongzhong, will manufacture high voltage switch cabinet, switch gears, transformers among other equipment.

During the launch on Saturday, former Republican President Kenneth Kaunda, who is also chairman of Afrizam Electrical Equipment Limited, said the development demonstrates the continued partnership between Zambia and China.
“The relationship we share with China is remarkable and cuts across sectors including infrastructure, trade and other sectors.
“The partnership between the Chinese and Zambian companies has increased and there is need for the partnership to result in high quality and people-oriented,” he said.
Dr Kaunda said co-operation is key in Zambia’s economic transformation.
At the same occasion, Afrizam Electrical Equipment Limited director Johnny Lin Guo said the construction of the plant, which is expected to start in January next year, will create about 200 jobs.
Earlier, Minister of Commerce, Trade and Industry Margaret Mwanakatwe said the development will reduce importation of electrical equipment thus saving foreign exchange.
Ms Mwanakatwe urged the company to source raw materials from local manufacturers such as ZAMEFA and Neelkanth Cables Limited.
She also urged local firms to establish linkages with foreign investors to enhance transfer of technology and skills development.

 

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