Business

MFEZ $42 million now confirmed

ESTHER MSETEKA, Lusaka
THE Lusaka South Multi-facility Economic Zone (LS-MFEZ) has approved investment pledges worth about US$1.5 billion, resulting in the actualisation of US$42 million to date since inception in 2013.
LS-MFEZ is Zambia’s first public led special economic zone with the objective of creating an enabling environment through the provision of serviced land including water, sewerage line, power lines and telecommunication infrastructure to investors.
LS-MFEZ managing director Mukela Lubasi said the zone approved 18 companies with an investment level of US$687 million last year bringing the total number to 33 with an estimated capital of US$1.4 billion.
Ms Lubasi said the zone has also facilitated the creation of …. http://epaper.daily-mail.co.zm/

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