Finland to invest in Lumwana MFEZ

Barrick sees lower costs at Lumwana mine in 2013
Barrick sees lower costs at Lumwana mine in 2013

THE Finnish government has expressed interest to invest in the Lumwana Multi Facility Economic Zone (MFEZ) once it is operational.
Ministry of Commerce, Trade and Industry Permanent Secretary Siazongo Siakalenge said while Lumwana is having a few challenges of developing the MFEZ due to the ownership of the mine, it is currently deciding on how the zone in Lumwana will be managed.

“The Finnish government has shown interest to see how they could position themselves in the Lumwana MFEZ,” Mr Siakalenge said.
He was speaking in an interview in Siavonga last week.
Mr Siakalenge, who is also Lusaka South MFEZ chairperson, said about 100 applications have already been received and are being analysed by management. “We have received a lot of applications from local and foreign investors who want to locate enterprises in the MFEZ. We had a meeting in the first quarter of this year to consider applications for those that would like to set base in the zone.
“We will be meeting in the second quarter to approve firms,” he said.
He said three enterprises have set up base in the MFEZ and are setting up infrastructure.
The three enterprises include Zambian Breweries, which has started laying the ground work, and a pharmaceutical firm from India which is setting up base there as well.
He said the Chambishi MFEZ, which is owned by the Chinese government, has close to 27 enterprises operating in the MFEZ, with one in Lusaka which has about three big firms.
Meanwhile, Government says the development of five MFEZs in Lusaka, Solwezi, Kitwe and Ndola is steadily progressing well with various enterprises expressing interest to invest particularly in the Lusaka south MFEZ.
The economic zones include the Lusaka South MFEZ, Lusaka East MFEZ, Lumwana MFEZ, Chambishi MFEZ and Ndola MFEZ.

Zambia Daily Mail