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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