$15m for ZCCM-IH diversification
THE Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) will invest US$15 million in agro-business on the Copperbelt and Luapula provinces as part of its economic diversification project, that is expected to create jobs.
ZCCM-IH chief executive officer Pius Kasolo said the firm will set up a pig farm and processing plant for pork products in Chief Lupuma’s area in Lufwanyama and set up a cassava plantation in Mansa.
Mr Kasolo said in an interview that the business ventures are part of the investment holdings’ diversification policy to reduce the economy’s dependence on mining.
Dr Kasolo said copper is a wasting asset, and so, ZCCM-IH needs to diversify its business activities to survive.