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SA farmers to invest $100m in Zambia

A GROUP of South African farmers is planning to invest about US$100 million in the Zambian agriculture sector within their first year of operations.
According to a statement issued in Lusaka yesterday by press secretary at the Zambian High Commission in South Africa, Nicky Shabolyo, the farmers intend to later make an investment of at least US$100 million annually over the next decade.
Mr Shabolyo said Agri Zambia managing director Landon Romano, who is coordinating the investors,  has indicated that the farmers hope to start the project before the end of this year once they secure land and water resources in Zambia.
This came to light when Mr Romano led a team of prospective investors to a meeting with Zambia’s High Commissioner-designate to South Africa Emmanuel Mwamba who advised interested parties in Zambia and beyond to contact the Zambian High Commission in Pretoria or Mr Romano by email at for more information on the project.