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Paprika Production to get USD 72 million investment from Green Crop Field


Devdiscourse News Desk lusaka Zambia
Updated: 16-01-2019 15:23 IST
Paprika Production to get USD 72 million investment from Green Crop Field

The investment is one of the many inquiries the province has received after the Central Province investment forum and expo which was held in the last quarter of 2018 (Image Credit: Wikipedia)

Zambia's capital city Lusaka-based Green Crop Field Investment has declared its plan to pump out a gigantic amount of USD 72 million in a Paprika Production and Processing Plant in the Central Province. The investment is a part of the USD 432 million that the firm intends to invest into over 80,000 hectares of land depending on the availability across Zambia.

Chanda Kabwe, Central Province Permanent Secretary has assured the development in a press statement in Kabwe on January 16. According to the announcement, the plantation will sit on a 6,000 hectares piece of land in Liteta chiefdom of Chibombo district. He further said that the Lusaka based private company plans to invest in growing Stevia and Marigold once the project receives approval from the Zambian government.

The investment is one of the many inquiries the province has received after the Central Province investment forum and expo which was held in the last quarter of 2018, he added. He also emphasized that US$72 investment inquiry as a demonstration of President Edgar Lungu's visionary leadership which has created a conducive environment for investments, as reported by Lusaka Times.

"We are equally glad that Green Crop Field Investment Limited is coming in our province following a successful 2018 investment forum and expo which was aimed at unveiling investment opportunities in different sectors in the region," he replied while stressing that Strategic Environmental Impact Assessment is inevitable as the proposed land is part of the local farmers' grazing land.

COUNTRY : Zambia

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