Zambia, ZDA wants to set up a Mango processing factory, seeks investors

Published 2021년 7월 14일

Tridge summary

The Zambia Development Agency is encouraging the private sector to establish a modern mango processing project that can produce an average of 30,000 tonnes of mango pulp and 5,000 tonnes of dried mango annually. The project, which is expected to be operational in 12 months, will require an investment of $5 million. The funds will be used for land purchase, construction costs, acquisition of processing plant, equipment, machinery, vehicles, and working capital. The project is projected to have an Internal Rate of Return of 35%, a Pay Back Period of 4 years, and a Net Present Value of $5.9 million. It is also expected to have positive social externalities by reducing poverty and creating employment opportunities.

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Original content

The Zambia Development Agency has invited the private sector to establish a modern mango processing project that falls under agro-processing subsector. ZDA says the mango processing plant once established in the country will produce an average of 30,000 tonnes of mango pulp and 5,000 tonnes of dried mango per annum. ZDA says the collection depots, with cold storage facilities will be constructed in all Provinces of Zambia and $5 million is required to operationalize the project. The Agency says private investors will be expected to meet the entire project costs and the venture is expected to be operational in 12 months. According to an Investment Project Proposal document, the Private Investors will be expected to meet the entire project costs of US$5 million. “GRZ, Zambia Development Agency (ZDA), Ministry of Trade Commerce and Industry (MCTI) and other Government Agencies will assist the Private Investors to establish the project, through various forms of interventions. The ...

Source: Lusakatimes