Zambia invests $ 16 million in palm oil production project
Zambia invests $ 16 million in palm oil production project The Zambian government has invested $ 16 million in equity financing through its investment group, Industrial Development Corporation (IDC) in a palm oil production company run by the country’s largest
Multi Million Dollar Palm Oil Plant To Start In Zambia September 24, 2014 According to a press release by Zambeef Products PLC (ZAMBEEF:LUSE), the Zambian agribusiness giant has invested USD 16 million in a palm oil plant project, which is due to start production at the end of 2014.
Local palm oil to flood Zambia Zambia Daily Mail
Government acquired the company from Zambeef Products Plc in April this year at a cash consideration of US$16 million. The estate has the potential to produce up to 100 tonnes of crude palm oil in
Palm oil is NOT what the world needs The forests of Zambia must be protected. The best way for this is to protect customary land. 6 Nzelu Zibwele September 3, 2024 At 11:32 pm
Zambia set to become net exporter of palm oil in region
The statement noted that Zambia could generate more than 170 million dollars in revenue over the next decade from palm oil exports. It added that the country was expected to see an increased demand for palm oil production as it further develops and new industries and markets are created.
ZAMBIA Consolidated Farming Limited, subsidiary of Sable group, will be investing US$200 million in setting up a large -scale palm oil processing industry in Luapula Province, Zambia. The investment will also cover a 10 thousand hectares anchor farm and an out-grower scheme, reports Lusaka Times.
Zambia's ﬁrst palm oil plantation
Zampalm is Zambia’s ﬁrst ever palm plantation and once operational will contribute to substituting 70,000 tonnes of cooking oil imported into Zambia, saving the country around US$70 million annually in foreign exchange.The plantation boasts 2,800 hectares of palm plants, which when harvested will produce crude palm oil.
At current prices the average production of crude oil of 3 to 3.5 tonnes per hectare could generate more than US$170 million in revenue over the next decade. The market for edible oils in Zambia, of which palm oil is one component, is estimated at 120,000 tonnes per year, and this is expected to continue growing as the country develops further.
Times of Zambia Production of palm oil cheers Govt
We wanted it to remain Zambian and contribute to the development of this part of our country and as we go along, Zambia will one day be an exporter of palm oil instead of importing,” Dr Mwanza said. The Zampalm project was launched in 2009 and currently has 409,506 palms planted over an area of 2,873 hectares on the main plantation.
Zampalm in Mpika is Zambia’s first ever palm plantation. The plantation boasts 2,800 hectares of palm plants, which when harvested will produce crude palm oil that is the basic ingredient in