IDC TO INVEST $three.5BN

The Industrial Vogue Company -IDC- is determined to make investments three.5 billion dollars within the following three years and get  500 jobs.
IDC Community Chief Govt Officer Mateyo Kaluba says the nation extensive investments in diverse sectors of the economic system are expected to generate a further billion dollars including to the Community’s contemporary 5.6 billion dollar portfolio.
He cited the planned investments as Zambia Airways in partnership with Ethiopian Airways, a cashew nut plantation with ZAFFICO, a tractor assembly plant and meals processing in Eastern Province.
And Mr. Kaluba says the 29 public companies it took over after being incorporated in 2014 have lowered their operation prices by 15 percent as fragment of tag reducing measures.
Within the intervening time Zambia Dispute Insurance protection Company -ZSIC- Life Managing Director Christabel Banda says the firm has repositioned itself to be a market chief after being taken over by the IDC.
Mrs. Banda says ZSIC-LIFE has since paid out over 25 million Kwacha this year toward settlement of claims which turned into the most major distress within the past.

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