Business

Lungu takes IDC to task

PRESIDENT Lungu.

ESTHER MSETEKA, Lusaka
PRESIDENT Edgar Lungu is concerned about delays to operationalise the K1 billion tractor plant at Lusaka South Multi-facility Economic Zone (LS-MFEZ).
Last year, a Polish firm, Ursus SA, in partnership with the Industrial Development Corporation (IDC), signed an agreement to construct a tractor and agricultural equipment assembly plant to help lower the price of tractors and agricultural equipment by 20 percent.
During the Agritech Expo recently, President Lungu asked why the project, which is expected to create 400 jobs, has taken too long to be implemented.
The plant will assemble 10,000 units annually and export tractors and READ MORE

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