The Zambia Development Agency has handed over 13 licenses to 13 Chinese companies for the commencement of operations at the Golden Baobab Multi-Facility Economic Zone in Kafue.
Speaking during the license handover ceremony, Zambia Development Agency Director General Albert Halwampa said over 195 million USD has been invested into the Golden Baobab Multi-Facility Economic Zone by the 13 companies.
Halwampa said 7,800 jobs will be created for local people, especially the youth, as the 13 companies will specialise in producing local products for the manufacturing, energy, transport, agro-processing, construction, and mining sectors.
And Zambia Development Agency Board Chairperson Biemba Maliti said the operation of the Zone resonates with the country’s 8th National Development Plan on industrialisation, which is aimed at creating more jobs, promoting local production of goods, and driving economic development.
Professor Maliti has, however, warned against polluting the environment with industrial chemicals, as has been witnessed on the Copperbelt, encouraging investors to adopt eco-friendly practices.
He added that success will be measured through job creation, increased industrial output, strong linkages with local enterprises, and sustainable, environmentally responsible development.
Meanwhile, Golden Baobab Park Director Huang Pengqi, represented by Tresford Kaunda, said the Zone will benefit investors and Kafue-based businesses, farmers, and the youth, as farmers will be able to sell their produce at the Zone, while local businesses purchase finished products for retail and the youth secure employment opportunities.
Among the 13 companies are Sino Green Investment, Zamophen Investment, Yellow River Real Estate Investment, and Hausheg Auto Trade Limited, among others.
By Mutinta Hamusankwa
