ECL

Envoy Welcomes German Agro Firm’s Investment In Zambia

Zambia Ambassador to Germany ANTHONY MUKWITA has commended Amatheon Agri Holding N.V. for the  decision to issue a 20 million EURO convertible bond .

Mr MUKWITA  noted that the move will  lead to further investment in the company in  Zambia where it has created thousands of jobs.

Mr MUKWITA says whatever monies will be invested in Zambia will positively contribute to the growth of the company and the economy.

He says the company is good for economic diplomacy because it shows that Germany and other parts of Europe are confident of Zambia’s  safe investment destination under President Edgar Lungu..

And Founder and CEO CARL BRUHN said the issuance of the bond will help Amatheon in strengthening its position in agribusiness and as food supplier in both local African and international markets by also adding value through state-of-the-art processing infrastructure.

Amatheon has invested over EUR 100 million in its Zambian, Zimbabwe and Uganda operations and remains one of the biggest employers of out growers with numbers currently standing at 4000 that could rise in coming years.

This is according to a statement issued by Zambia’s  First Secretary Press and Public Relations in Germany KELLYS KAUNDA.

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