Business

Mwense palm-oil plant gets K1.2m CEEC boost

Palm-oil plantation.

NANCY SIAME, Lusaka
THE Citizens Economic Empowerment Commission (CEEC) has given Elim Enterprises K1.2 million to enable the company set up a palm oil processing plant in Mwense.
Elim Enterprises chairman Alexander Chibiliti said the project is being done in collaboration with Isubilo Farmers’ Co-operative.
He said the machine, which has the capacity to produce one tonne of palm oil per hour, has already been procured but the actual production will depend on the availability of the raw materials.
“The palm trees are predominatly, grown along the Luapula River. We will buy the palm fruits from all farmers who have these trees in Mwense and Chiyengi,” Mr Chibiliti said in an interview recently.
The project is set to start immediately the rains subside as the road to the site where the plant is situated is in a deplorable state.
He said the company, which already has market for the palm oil, intends to add value to the product so that it can be sold to big supermarkets such as Shoprite and Pick n Pay.
Mr Chibiliti said by-products will be used to make feed for livestock.
“Palm oil is very good for those that are healthy conscious as it is cholesterol-free and can even cure some diseases,” he said.
He thanked the CEEC for the loan, which will go a long way in boosting the business in terms of financial capacity.
Mr Chibiliti called on entrepreneurs with viable projects to seek for loans from CEEC to expand their businesses.
“Getting a loan from the bank is not that easy especially if one does not possess collateral…but the CEEC is quite flexible,” he said.
He also commended Government for coming up with initiatives which are aimed to empower citizens.
Palm oil is an edible vegetable oil derived from the fruit of the oil palms.

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