New Kapiri Fertiliser Plant on the cards!
A deal, worth US $20 million was signed by the Zambian government and Agrobiotech International limited of Russia to set up a fertilizer plant in Kapiri Mponshi.
Kapiri Mponshi TownThe signing of the investment promotion and protection agreement (IPPA) was signed by the Minister of Commerce, Trade and Industry Felix Mutati, representing the Zambian government on 7th June 2011.
Construction of the plant will take two to three months. We expect the production of fertiliser to start in time for the next farming season.
We also hope that food security will be achieved because of the new plant. said Dr. Petrov.The Zambias agricultural sector is uncompetitive in the region. So, the signing of the deal will reduce the cost of production of fertiliser and enable Zambia to compete favorably. Once the Kapiri plant becomes functional, it will be producing an environmentally friendly product which will address the problems faced by the smallscale farmers. Meanwhile, Golden Valley Agriculture Research Trust has conducted tests on the new organic fertilizer, Extrasol, which have shown improved crop production where this fertiliser has been used. Extrasol is an organic fertilizer and can be used for production of organic crops. Results undertaken have shown that farmers can save a lot of money by using this product.
Commentary on the Zambian inflation rate. Check the current and updated figures here!
The cement companies in Zambia are contributing to the construction industry in the country.
Zambian names are a reflection of significant social events in somebody's life.