Ghanaian company to pump billions of dollars in Zambia

MagCor Ghana Limited, a Ghanaian Company, whose global headquarters is in Canada, plans to invest billions of dollars in all major sectors of Zambia’s economy.

MagCor Ghana Limited President and Chief Executive Officer Michael Glynn said his company intends to inject a great deal of investment in Zambia.

Mr. Glynn said his company’s major aim is to help Zambia accelerate development, eradicate poverty and improve the quality of life of people in the country.

He said his company will further contribute to the rapid and sustainable development of developing countries by working in partnership with governments and the private sector to provide secure, clean and sustainable sources of development funding.

He said it is MagCor Ghana Limited’s objective to develop all sectors of developing economies to bring about socio-economic development by implementing various projects in health, agriculture, transport, infrastructure, mining and several other sectors.

Mr. Glynn was speaking to journalists at Kenneth Kaunda International Airport in Lusaka today shortly after arriving in Zambia with his special advisor Bismark Adum-Kwapong and MagCor accountant and investment adviser Ali Hezer.

He has since appealed to governments, non-governmental organisations and other partners to work together to develop all sectors of developing economies across the African continent.

He said the interest and determination shown by the Zambian government in facilitating this investment in various sectors of the country’s economy has been the driving force in ensuring the projects comes to fruition.

Mr. Glynn said the various projects his firm will implement in Zambia will undoubtedly play a critical role in enhancing the growth of the local economy and ultimately help in the creation of jobs for the people.

And Permanent Secretary in the Ministry of Information and Broadcasting Services Chanda Kasolo declared that government was ready to offer all the assistance the company’s needs to kick-start its investment in the country.

Mr. Kasolo said government was excited about the planned investment which he said will undoubtedly help to foster economic growth and thereby assisting in eradicating poverty in the country.

He noted that the country has huge potential for growth adding that these can be maximised by attracting investment in all major sectors of the country’s economy.