Business

Indeni in rethink mode

INDENI Petroleum Refinery has major business prospects from 2018 and beyond and is optimistic about the future.

PRISCILLA MWILA,Lusaka

INDENI Petroleum Refinery has constituted technical teams to make proposals aimed at improving operations at the company and create more jobs for Zambians. The teams are expected to brainstorm on how Indeni can add value to its products and improve its financial viability.
Indeni Petroleum Refinery managing director David Lungu said the suggestions will also include those of venturing into different business lines the company will consider investing in. Mr Lungu was speaking during a presentation to Energy Regulation Board (ERB) members who were touring Indeni yesterday. “Over the years, the refinery has added a lot of value to the economy through taxes. We need to look at various challenges that have affected the energy sector and see how we can use the problems to our advantage. “That is why we have teams that are looking at how this can be achieved to secure the future of Indeni,” he said. Mr Lungu said apart from the 329 jobs created at the company, Indeni still has potential to put more people in employment once its operational plan is approved by Government. After touring the refinery plant, ERB board chairperson Monde Kabwela said the structures at Indeni are still intact, and that they have potential CLICK TO READ MORE




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