Business

‘Zambia economy poised to grow further’

TRYNESS MBALE, Lusaka
THE continued stable political and economic environment in Zambia is expected to attract more investors in various sectors of the country, Illovo centre regional director Ian Parrot has said.
Mr Parrot said Zambia should ensure that it maintains investor-friendly environment to increase foreign direct investments.
Mr Parrot said in Mazabuka recently that the Illovo Sugar Group, which owns about 82 percent shares in Zambia Sugar, is committed to expand its operations and investments in the country.
Mr Parrot said as a result of the on-going investment at Zamia Sugar, Nakambala is now the largest single cane sugar operation in Africa.
He said the group’s strategy is to spread its operations globally and empower citizens in countries where it has operations.
Mr Parrot said currently, Illovo is finalising plans for a proposed major expansion of the existing operations and is in discussions with the board, Government and various regulatory bodies to seek approval of the expansion.

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