Industrial Development Corporation of Zambia invests US$1m in Mununshi Banana Estate

ZAMBIA – The Industrial Development Corporation (IDC), the national development finance institution is set to inject K17 million (US$1 million) in revamping the Mununshi Banana Estate in Mwense, Luapula province, Zambia. Mununshi Banana estate went under shortly after being privatized to a local investor who is said to have had limited experience in management of Agro firms. According to a report by Zambian Business Times, the organization is in the process of planting the first 50 hectares of banana’s and has so far directly employed about 40 people. Zambia currently has a…

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