UMCIL seeks Kafue Steel equity partner
Published On May 24, 2021 » 1111 Views» By Times Reporter » Business, Stories
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By MAIMBOLWA MULIKELELA –
UNIVERSAL Mining and Chemicals Industries Limited (UMCIL) is scouting for an equity partner to purchase up to 25 per cent shares in its US$200 million Kafue Steel plant. This is after the National Pensions Scheme (NAPSA) and the Industrial Development Corporation (IDC) turned down the offer from UMCIL citing that the business was not lucrative.

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