Economy

Zambian manufacturers laud establishment of fertilizer plant, hopeful it will lower costs

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The Zambia Association of Manufacturers (ZAM) says the new fertiliser manufacturing plant being established in Zambia will lower the cost of the commodity and production for farmers.

ZAM Chief Executive Officer, Muntanga Lindunda, said the investment will take Zambia to greater heights because 2500 jobs will be created in the process, while the company will later, retain 1800 jobs.

Lindunda said manufacturers are delighted to see that Urea will be manufactured on the Zambian soil, which speaks to ZAM goals.

She said the drive towards moving Zambia to a Middle-Income Country is being realised through different initiatives, of which the investment is one step in that direction.

Read More: Hichilema envisions food security, as $600million urea Fertilizer, ammonia plant launched

“Value addition that is done in the country will speak to every plan that we have as a country to grow from where we are. This is because it is only us who will take ourselves out of the current situation where we are importing more inputs but we want more inputs produced locally to reduce cost of production for many manufacturers,” Lindunda said.

She anticipates that the quality of the urea produced locally will be good enough to prevent others from importing.

“As the Head of State, President Hakainde Hichilema, constantly shares that Zambia is open for business, this investment shows that we are on the right path and we are well positioned as a nation to attract investments of this magnitude,” Lindunda said.

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