Region
Zambia

Sector
Agriculture & Agri-processing
Healthcare & Pharmaceuticals

Summary:

The Zambian government is inviting investors to participate in the growing and processing of Artemesia Annua. A derivative from this plant is used in producing a drug effective in combating and treating malaria.

Contact
Ms Florence Mumba, Director: Investment Promotion and Privatisation, Zambia Development Agency

Email
fmumba@zda.org.zm

Project: Malaria drug manufacturing plant

Summary: The project is greenfield and promotes growing and processing of Artemesia Annua - a derivative from the plant would be used in manufacturing malaria drugs. Several studies and trials have been undertaken to determine the feasibility of the project. The Lands Bank Committee has identified land for the project and an outgrower scheme is recommended. Zambia is currently importing similar drugs and wishes to start producing the drugs locally. The ministry of health has undertaken to supply the drugs locally and regionally.

Sponsor: Zambia's ministries of health and agriculture

Incentives: 

- Tax free dividends for 5 years from the year of first declaration
- Capital expenditure on improvement or for the upgrading of infrastructure shall qualify for improvement allowance of 100% of such expenditure
- Suspended customs duty for 5 years on machinery and equipment
- Unrestricted externalisation of ‘After-Tax’ income shall be allowed
- A corporate tax of 0% for an initial period of 5 years from the first year profits are made. For years 6 to 8 corporate tax will be paid on 50% of profits and in year 9 to 10 on 75% of the profits

For further information on investing in Zambia contact the Zambia Development Agency.

Florence Mumba
Director, Investment Promotion and Privatisation
Email: fmumba@zda.org.zm