DBZ FUNDS ZCF MILLING PLANT PROJECT

The Development Bank of Zambia -DBZ- has funded the Zambia Cooperative Federation -ZCF – to roll out high capacity milling plants in maize producing regions of the country as a way of mitigating high mealie meal prices.
ZCF Chief Executive Officer James Chirwa says the Cooperative has already received the first disbursement of the funds and is spending nine point eight million dollars to set up huge milling plants in Luanshya and Mbala Districts.
Speaking after touring the Milling Plant constructed by the Mine Workers Union of Zambia in Chambeshi, Mr Chirwa said ZCF is taking milling plants to maize producing areas so that it can add value to the maize.
And Mine Workers Union of Zambia President Joseph Chewe said the union has decided to venture into various businesses as a way of participating in the diversification of the economy.
Mr Chewe says the Union through its holding company Shimaini Investments, will create a lot of jobs to ensure that people have a source of income.