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THE Lusaka South Multi-Facility Economic Zone (LS-MFEZ) Limited has commenced discussions on the financing options the company will undertake to support infrastructure development.
Currently, the MFEZ is being funded by Government.
LS-MFEZ managing director Fortune Kamusaki said the board was discussing various financing options that the company would undertake to finance the infrastructure development and installation of utility systems in the zone.
In an interview in Lusaka yesterday, Dr Kamusaki said the development of the MFEZ needed a variety of financing terms and that, once the board approves their financing plan it would go ahead and raise the resources on market.
“The board is still discussing various financing options and once we are guided we will proceed with our financing plan. As you know we are doing infrastructure development and utility systems which is very costly and as such, we need a variety of financing terms for the zone,” Dr Kamusaki said.
Government had prioritised the development of the MFEZ and industrial clusters as a way of up-scaling economic development in Zambia.
Dr Kamusaki said the LS-MFEZ was developing the requisite infrastructure and utility systems such as roads, water and power supply, telecommunications, sewer and sewerage treatment plants and solid waste to enable private sector set up enterprises and establishment in a enabling environment.
“This is expected to act as a catalyst for industrial development in Zambia and contribute to the attainment of Vision 2030 which aims to make Zambia a prosperous middle income country by 2030,” he said.
Dr Kamusaki called on both domestic and foreign investors to take advantage of the various incentives being offered by the Government to invest in the Zone.
“We would like to assure the business fraternity that their investments will be safe in the zone and that, the Government is committed to pursuing sound and broad based macro-economic policies that will sustain a conducive macro economic environment for wealth and job creation that will keep us on course to attain vision 2030,” Dr Kamusaki said.
By MAIMBOLWA MULIKELELA
THE Lusaka South Multi-Facility Economic Zone (LS-MFEZ) Limited has commenced discussions on the financing options the company will undertake to support infrastructure development.
Currently, the MFEZ is being funded by Government.
LS-MFEZ managing director Fortune Kamusaki said the board was discussing various financing options that the company would undertake to finance the infrastructure development and installation of utility systems in the zone.
In an interview in Lusaka yesterday, Dr Kamusaki said the development of the MFEZ needed a variety of financing terms and that, once the board approves their financing plan it would go ahead and raise the resources on market.
“The board is still discussing various financing options and once we are guided we will proceed with our financing plan. As you know we are doing infrastructure development and utility systems which is very costly and as such, we need a variety of financing terms for the zone,” Dr Kamusaki said.
Government had prioritised the development of the MFEZ and industrial clusters as a way of up-scaling economic development in Zambia.
Dr Kamusaki said the LS-MFEZ was developing the requisite infrastructure and utility systems such as roads, water and power supply, telecommunications, sewer and sewerage treatment plants and solid waste to enable private sector set up enterprises and establishment in a enabling environment.
“This is expected to act as a catalyst for industrial development in Zambia and contribute to the attainment of Vision 2030 which aims to make Zambia a prosperous middle income country by 2030,” he said.
Dr Kamusaki called on both domestic and foreign investors to take advantage of the various incentives being offered by the Government to invest in the Zone.
“We would like to assure the business fraternity that their investments will be safe in the zone and that, the Government is committed to pursuing sound and broad based macro-economic policies that will sustain a conducive macro economic environment for wealth and job creation that will keep us on course to attain vision 2030,” Dr Kamusaki said.
