Mon, 26 Feb 2018 12:04:57 +0000 By PRINCE CHIBAWAH A ZAMBIAN firm, Roland Imperial Tobacco Limited Company (RITCO) has invested US$80 million in its expansion programme. Company chairman, Dr Ephraim Mwenda said RITCO was undergoing a rapid expansion programme which would see the creation of hundreds of jobs for the local people. “In May 2013, RITCO established a cigarette manufacturing plant with an initial investment value of US$8 million to produce the now popular brands, namely Life and Guards, both full flavour and menthol, “We recently launched the Life Gold brand which is doing quite well on the market. Two more brands are to be launched later this year.” Dr Mwenda said this at Southern Sun Hotel in Lusaka during the signing of the respective investment promotion and protection agreements between Zambia Development Agency (ZDA) and RITCO together with its subsidiary Zambian Cut Rag Prossors Limited (ZCPL). “Two months ago, the company held a […]
Local tobacco firm invests US$80m
