Business

Mount Meru for Africa free trade area

THE US$6 million lubricant manufacturing plant by Mount Meru Group has contributed to changing the face of Katuba. PICTURE: COURTESY OF MOUNT MERU

KALONDE NYATI, Lusaka
THE creation of a single market under the African Continental Free Trade Area (AfCFTA) will enhance foreign exchange earnings for the country, Mount Meru Petroleum Zambia Limited says.
Company chief executive officer Chetan Jain said the initiative will not only benefit the company through increased foreign earnings, but also the country as a whole.
Currently, the firm exports lubricants to Mozambique, Rwanda and Malawi, and wants to scale up its export market in view of the soon-to-be-launched AfCFTA.
“This anticipated growth arising from the regional and continental exports of Mount Meru lubricants will spur growth and development in Zambia and the sub-region by encouraging trade among African member states and markets http://epaper.daily-mail.co.zm/

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