Fig Tree Fruit Processing Project

Project Title	Fig Tree Fruit Processing Project
Project Description	Fig Tree Fruit Processing Limited, which is a subsidiary of Zambia Fruit Company that is wholly owned by Industrial Development Corporation (IDC). The IDC is a State-Owned Enterprise (SOE) charged with the mandate to spearhead the Zambian Government’s commercial investments agenda aimed at strengthening Zambia’s industrial base and job creation. The Fig Tree Fruit Processing Project is envisaged to be a fruit and vegetable processing plant that will adopt hybrid technology allowing a single processing line to switch and process a variety of fruits all year round. The primary products from the hybrid processing plant will be tomato paste, tomato sauce, tomato chutney and tomato puree. It will also have capabilities to produce fruit juices, pulp, and jams. Market Potential The primary target markets for Fig Tree Fruit Processing Limited will be the Zambian Market with a population of 20million people, as well as the regional neighboring countries that have a combined population in excess of 300million people, including the Democratic Republic of Congo, Angola, and Mozambique. Financial KPI The project has strong financial indicators, such as an IRR of 40.4% and an 8-year payback period.
Project Location	Chisamba District, Central Province
Lead Agency/Project Promoter	Industrial Development Corporation (IDC)
Action required/ Implementation	Partners
Capital Type	Equity Capital of 12.8 million
Project Cost	USD15.2 million
Project Stage	Greenfield (under construction)