Mpulungu Harbour in Northern Province has received US$100 million of investment from the Industrial Development Corporation.

This was disclosed last night during the Pre-Expo Cocktail party held for invited investors in Mbala District.

Works and Supply Minister Felix Mutati revealed that already, from the calculations he had with Provincial

Minster Brian Mundubile, practical commitment from the 40 invited investors has exceeded US$ 200 million.

Mr. Mutati has announced that prior to the Northern Province Investment Expo scheduled for November 2018, another event to whip up the appetite for more investor attraction will be held soon.

He says the aim is meant to further compel more interest in the development journey that has started adding that this years’ November Expo will exceed any other Expo that has been done and yet to be done anywhere in the country.

Mr. Mutati says the province is committed to expanding the investment base and encouraged the business community to consider ploughing their money in the area.

He says the province is rich in various unique products such as Kasama Coffee, Kasama Sugar even Buka fish and many others adding that the area also stands out as the only place where the First War ended on the continent of Africa.

The occasion was also attended by his Tourism and Arts counterpart Charles Banda who earlier in the day officially launched the Mahogany Air flight to Mbala, at Samora Machel Air Base,

Mr. Banda also launched the Kasama flight at Kasama Airport before proceeding to Mbala.

And Mr. Mundubile says his administration looked at three key areas which are agriculture, tourism and the Mpulungu harbour which has since received US$100 million of investment from the Industrial Development Corporation.

He says the three areas are already bearing fruits as investors have already shown tremendous responses through the pledged construction of the five star hotel at Kasaba Bay and the presence of Mansa Chilli which is constructing three operational hubs in the province.

The investors that were present are Zambia Industrial and Commercial Bank, Choppies Limited, Zambian Breweries, Musika Development Initiative, SEEDCO, Indaba Agricultural Policy Research Institute (IAPRI), Citizens Economic Empowerment Commission (CEEC), Zamtel, Atlasmara and Seth James Groups.

The colourful occasion that extended to Mpulungu district where investors were treated to a sunset boat cruise on Lake Tanganyika also attracted investors such as Entry Point Africa, Mahogany Air, Zambia Development Agency and the Members of Parliament in the province.

And the traditional leader Chief Mpande, Dr. Matthews Mpande who once saved in the MMD Government as Mines Minister was also present.

This is contained in a statement issued to Money FM News by Ministry of Works and Supply Public Relations Officer Ndubi Mvula.