Sat, 31 Dec 2016 11:06:54 +0000 By MUKOSELA KASALWE THE US$179 million investment by Gonow Zambia limited once operational will boost local business development through motor dealerships and supply of material in the Sub-Saharan region, says Minister of Commerce, Trade and Industry Margaret Mwanakatwe. Ms Mwanakatwe said the company would be located at the Lusaka South Multi-Facility Economic Zones (LS-MFEZ) and expressed happiness that it was locally owned and partnered with a Chinese firm Zhejiang which is the third largest producer as well as supplier of pick-up motor vehicles in China. She said the initial phase of the plant with the state-of-the art technology would be known as the “Semi Knock Down” where units of the motor vehicles would be assembled into finished vehicle units where the company would pump in an initial investment of U S$4.6 million. Ms Mwanakatwe said the setting up of the motor plant would create 200 direct jobs in management, […]
