Fri, 16 Feb 2018 13:33:59 +0000 By BUUMBA CHIMBULU AN EGYPTIAN power company, Elsewedy Electric Group of companies is set to create about 40,000 jobs in Zambia through expansion of power projects to be set up in Lusaka’s South Multi-Facility Economic Zones (MFEZ) and in rural areas. According to company president, Ahmed El Sewedy, the firm, which has been operating in Zambia for seven years now, intended to expand its scope of work. “Our decision to expand the investment prospects was arrived at after President Lungu visited Egypt. Therefore we intend to establish an industrial hub and also expand our transmission lines,” he said. He was speaking in Lusaka recently when his company signed a memorandum of understanding (MoU) with the Zambia Development Agency to allow the expansion of the group’s work expansion in Zambia. Mr. El Sewedy also said the projects were expected to create employment for the locals and boost their living standards […]
