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LUSAKA SOUTH MULTI-FACILITY ECONOMIC ZONE RECORDS $877M INVESTMENTS

By BUUMBA CHIMBULU

A total of US$877 million worth of investment have been recorded at the Lusaka South Multi-Facility Economic Zone (LS-MFEZ) from inception to date.

This investment is proportioned amongst 63 approved investments, out of which 17 corporations are fully operational, according to the (LS-MEZ) Manager Corporate Affairs, Ms Alice Schultz.

Ms Schultz explained in an update that 14 investments were at different stages of construction while 32 were in the process of obtaining sector approvals.

These investments include agro processing, commercial developments, copper wire processing, dairy processing, domestic & industrial cleaning chemicals, fire training school, food processing and golf course and golf estates.

Others are milling plants, off grid power generation, oil production, paper packaging, petroleum service station, play parks, industrial printing, soya beans processing, transport & logistics and vehicle assembly.

“These investments make up the US$877 million investment attracted from inception to 2021,” Ms Schultz said.

Meanwhile, Ms Schultz said the Zone was in the process of actualising a modern town with modern supporting amenities.

She explained that having attracted so many industries, the focus for 2022 was to develop the commercial and residential areas as well as occupational health and safety facilities.

Currently the Zone has a daytime population of between 4, 000 to 6, 500 people working within.

“For the town to take centre stage, it has now become important to have an influx of people both living and working within the Zone. This influx demands that health services, security as well as recreational and commercial services be present.

“The Zone commenced the sale of residential plots in November 2021 through its approved agent Acuserve,” Ms Schultz said.

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