America
Sector
Agriculture & Agri-processing
Project: Pineapple canning factory
Location: Mwinilunga district, north western Zambia
Project description: There are about 600 farmers involved in the farming of pineapples in Mwinilunga district, which has the highest potential for pineapple production. A lot of produce is wasted since the collapse of the only pineapple processing plant in the 1990s. There are currently 1 420 farmers growing pineapples on a total area of 1 176 hectares, producing 13 752 tonnes of pineapples annually. Production would be increased through an out-grower’s scheme that would supply the proposed cannery plant. There is a production system in place as indicated by the existing cooperative societies in the pineapple growing regions.
Incentives
• Zero tax rate on dividends for a period of five years from the year of first declaration of dividends
• Zero tax rate
on profits for the first five years. For year’s six to eight, only 50% of the profits will be taxed. For year’s nine to ten, only 75% of the profits will be taxed.
• Zero import duty rate on raw materials, capital goods, machinery including trucks and specialised motor vehicles for five years for enterprises operating in the MFEZ
• Deferment of value added tax (VAT) on machinery and equipment including trucks and specialised motor vehicles imported for investment in MFEZ and/or priority sector.
Licenses required
1. Environmental Impact Assessment (EAI)
2. Manufacturing projects require a manufacturer’s license from local municipalities.
For further information contact the Zambia Development Agency.Key contact: Florence Mumba
Director: Investment Promotion and Privatisation
Zambia Development Agency
Email: fmumba@zda.org.zm
