$845m fertiliser plant deal sealed
Published On April 17, 2024 » 703 Views» By Times Reporter » Business, Stories
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•COMMERCE, Trade and Industry Minister Chipoka Mulenga (in white shirt) shares
a light moment with Blooming Chemical Industry Limited Chairperson Glory Chen
(right), Zanaco Bank Chief Executive Officer Mukwandi Chibesakunda (third right)
and Agriculture Minister Reuben Mtolo (third left) after the Investment Promotion and
Protection Agreement (IPPA) signing ceremony between Zambia Development Agency
(ZDA) and Blooming Chemical Industry Limited -Picture by KETRA KALUNGA

By KETRA KALUNGA –
THE Zambia Development Agency (ZDA) and Blooming Chemical Industry Limited have signed an Investment Promotion and Protection Agreement (IPPA) for the construction of a fertiliser plant valued at $845 million.
The fertiliser plant to be constructed in Siavonga, Southern Province is one of the $50 billion committee investments recorded by ZDA last year being actualised.
The project aims to produce 520 000 tonnes of urea and 300 000 tonnes of ammonia as a by- product per year.

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