Map of Zambia/FILE
Zambia, Aug 2 — Two local firms have partnered in a business venture to establish a motor assembly plant in Zambia, the Times of Zambia reported on Thursday.
Savenda Management Services and Savenda Africa Holdings Limited have signed a memorandum of understanding to establish the plant at a cost of 1.3 billion U.S. dollars.
Savenda Group Director, Clever Mpoha said his company and its partners had planned to establish a motor assembly plant for 4, 000 trucks and the assembly of Savenda Roller Packs (compactors).
“This partnership collectively will create well over 8, 000 jobs and we are established to manage this process very well because of the economic benefits,” he was quoted as saying by the paper.
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