Mununshi Banana Production
Project Description
PROJECT DESCRIPTION:
The project aims to increase the production capacity of the country’s fruit industry to address demand in both domestic and regional markets.
The project sits on about 313 Ha of land. Current production of bananas is on 30 Ha with a further 100 Ha already cleared for expansion and 50 Ha marked and pitted, awaiting planting of banana suckers. Future expansion will include the production of other commercially viable fruit such as avocados and mangos to supply local and regional markets.
PROJECT LOCATION:
Mwense District, Luapula Province, Zambia
LEAD AGENCY/PROJECT PROMOTER:
Industrial Development Corporation (IDC)
CURRENT STATUS/ STAGE OF PROJECT:
Brownfield
ACTION REQUIRED/ IMPLEMENTATION:
Partners
IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:
FDI through a minority stake
ESTIMATED COST OF THE PROJECT:
USD 9 million
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Country
Zambia
Location (s)
Mwense District
Sector
Agriculture & Food Processing
Sub Sector
Agriculture
Investment Value Range
5-10 million USD
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