Zampalm Oil Production
Project Description
PROJECT DESCRIPTION:
This project aims to address the increasing demand for palm oil products. At current prices, the average production of crude oil of 3 to 3.5 tonnes per hectare could generate more than USD 170 million.
Zampalm owns 20,238 Ha of titled land, of which 2,800 Ha is a palm oil plantation.
PROJECT LOCATION:
Kanchibiya District, Muchinga 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 10 million
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Country
Zambia
Location (s)
Kanchibiya District
Sector
Agriculture & Food Processing
Sub Sector
Agroprocessing
Investment Value Range
5-10 million USD
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