By GIDEON NYENDWA THE Lusaka South Multi-Facility Economic Zone (LS-MFEZ) has secured US$130 million in investment from 16 investors across diverse sectors in 2024 that would result into the creation of about 5, 500 jobs. The US$130m is targeting sectors, including chemical fertilisers, agro-processing, and recycling, with the investments expected to generate 5, 500 jobs over the next three years, according to LS-MFEZ Managing Director Mwiza Mseteka. During a media briefing yesterday, Mr. Mseteka highlighted a new US$50m investment agreement with Varun Food Beverages Zambia Limited. He said the partnership would establish a state-of-the-art manufacturing facility for the Carlsberg beer range, projected to create up to 939 new jobs and boost regional distribution capacity. “Varun’s investment bolsters our capacity for regional distribution and reinforces LS-MFEZ’s mission to attract impactful investment,” Mr. Mseteka said. Mr Mseteka said the economic zone currently hosts several companies in various stages of development, with Kings Worth Group Limited, Umoyo, and […]
US$130m investment in LS-MFEZ to create 5, 500 jobs
