The Kafue Steel Plant was a brainchild of a consortium of Indian businesses in Zambia.
The Steel Plant in Kafue town has employed Zambians. This has reduced the poverty levels in the district which does not have any meaningful industry.
It was estimated that the plant would employee about 2000 workers on full and part time basis.
The setting up of the Plant, which is found in Kafue Estates was announced by the late president Mwanawasa.
Obviously, the plant has been a boon to the Kafue town as well as to the Zambian economy. Zambia imports all its steel from foreign countries. Steel scraps which were being collected all over the country used to be exported to South Africa. Now, this is no longer the case.
At the height of its construction, concerns where raised as to whether the company would put in control pollution measures to protect the Kafue residents since its planned location was very near to residential homes.
Not surprising, there was a heated discussion on the hazards and economic benefits of the plant. Joining in the augment was an article written by Julius Kaoma which appeared in the Times of Zambia.
According to the author, the “Environmental Impact Statement” report, which was in the public domain at that time, stated among other things that the proposed steel mill , UMCIL ( i.e. Universal Mining and Chemical Industries) motto was “A better today for a better tomorrow”. This, according to him was an indication that the company was committed to ensuring a healthy environment.
Trade Kings are the owners of this investment. This is a wholly Zambian owned company.
Trade Kings was registered in 1995 and it has quickly established itself as a force to reckon with. It is an exporter of a range of processed foods and other manufactured products in the sub-region.
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Commentary on the Zambian inflation. Check the yearly and monthly figures from 2008 to date!
Luanshya town was founded in the early part of the 20th century by an explorer/prospector, William Collier.
The August 2016 Zambia annual inflation rate decreased to 19.6 percent from 20.2 percent recorded the previous month. The decrease was as a result of the downward movements recorded in food prices.