Business

Kafue irrigation scheme on cards

KELLY NJOMBO, Lusaka
INFRACO Africa plans to establish an irrigation scheme in Kafue for agricultural purposes at a cost of US$23.5 million.
The firm is part of the Private Infrastructure Development Group (PIDG), which has signed a share sale and investment agreement with private investor Sudeco to deliver the project dubbed ‘Chiansi’.
The agreement transfers InfraCo Africa’s equity stake in the project to Sudeco and commits up to US$12.5 million in a convertible loan to the project, according to a statement issued on Wednesday.http://epaper.daily-mail.co.zm/

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