By Staff Reporter, Lusaka
The Citizens Economic Empowerment Commission (CEEC) has disbursed a loan of K4.4million to PremierCon Starch
Processors Ltd to finance the establishment of a starch processing plant in Solwezi District.
CEEC Public Relations and Communications Officer Michelo Mukata stated that the Plant, which will produce starch from cassava and sweet potatoes is expected to become fully operational in December 2017.
Mr Mukata further stated that the Plant will create 200 jobs at construction phase and 160 direct permanent jobs when operational.
“With a production capacity of 480 tonnes of starch per day, the Plant will create a market for 15, 000 small scale farmers
of cassava and sweet potatoes every year and will save Zambia $6million in starch imports every year,” he stated.
Meanwhile, CEEC Director General, Likando Mukumbuta, has stated that this investment forms part of the drive to develop the rural areas under Government’s Industrialisation and Job
Creation Strategy.
And PremierCon Starch Processors Ltd Chief Executive Officer, Lubasi Yuyi, has stated that his company’s commitment to further expansion and ensuring that cassava and sweet potatoes become amongst the principal drivers of industrialisation and inclusive growth in Zambia.
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