| Project Description |
The Project involves the development and construction of a fruit and vegetable processing plant in Katete District in the Eastern Province of Zambia. The ETF project will operate under the company Eastern Tropical Fruits Limited, a subsidiary of the Zambia Fruit Company (ZFC), wholly owned by the Industrial Development Cooperation (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 Project was commissioned in 2022. The ETF plant is comprised of a processing line, packaging line, bottling line, refrigeration facilities, boilers and heating facilities, and water and power utility infrastructure. Market Potential A market study was conducted, and Katete was selected due to its relatively central location from the key target markets in Eastern Province (Lundazi, Chipata, Petauke, Nyimba, Sinda), Luapula Province, Muchinga Province, and the neighboring countries Mozambique and Malawi. Investment Opportunity: The IDC invites strategic partners to consider investing in this highly profitable venture. Financial KPI The project has strong financial indicators, such as a 24% Return on Investment and a 4-year payback period. |
