• Zambia Mango Processing Project has generated a lot of interest.
• The estimated cost to operationalize the project is USD 5 million.
• The plant will produce an average of 30,000 tonnes of mango pulp and 5,000 tonnes of dried mango per annum.
Zambia Development Agency (ZDA) says several investors have expressed interest in the establishment of the Zambia Mango Processing project.
Responding to Money FM’s Press Query, Agency Manager Communications and Public Relations Laura Hamusute stated that the estimated cost of the project is 5 million US dollars.
Ms. Hamusute however said once interested investors undertake a feasibility study, the cost can be more or less because the estimated figure is just a guide for them to make informed investment decisions.
She explained that the location of the project will be up to the interested investor but that the Agency is targeting areas with a lot of mangoes.
“The Zambia Mango Processing Project has generated a lot of interest. Development starts as soon as investors engage. Number of factors will determine completion of the project.”
“The project offers an attractive investment opportunity with an estimated Internal Rate of Return of 35%, a Pay Back Period of 4 years, a Discounted Cash Flow valuation of US$28.5 million using a discount rate of 12% and a Net Present Value of US$5.9 million,” Ms. Hamusute explained.
Ms. Hamusute further said the project will help reduce poverty by indirectly empowering a large population involved in the mango supply chain through job creation and wealth creation.
Zambia Development Agency (ZDA) has invited the private sector to establish a modern mango processing project that falls under agro-processing subsector.
Once established, the mango processing plant will produce an average of 30,000 tonnes of mango pulp and 5,000 tonnes of dried mango per annum.