Business

Kafue Steel firm to lead economic zone

KAFUE Steel Plant.

TRYNESS TEMBO, Lusaka
GOVERNMENT has identified Universal Mining and Chemical Industries Limited (UMCIL) as the potential developer for the Kafue Iron and Steel Economic Zone.In 2016, President Edgar Lungu proposed the establishment of Kafue has a multi-facility economic zone (MFEZ) to induce the restoration of the economic status of the town and spearhead the industrialisation programme for Zambia as a whole.
Ministry of Commerce, Trade and Industry Permanent Secretary Kayula Siame said Government, through the ministry, had recognised the need to identify a public institution to partner with UMCIL as a co-developer of the zone through the formation of a special purpose vehicle (SPV).http://epaper.daily-mail.co.zm/

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