The government has said that it is ready to partner with private sector that are not just looking at reaping profits but the interest of the Zambian people.
Copperbelt Province Permanent Secretary, Augustine Kasongo, says companies such as Geoveda Lenders Limited, which deals in manufacturing and processing of organic products such as liquid fertiliser, are of great benefit to the Zambian farmers.
Mr. Kasongo notes that organic fertiliser has an added advantage that will attract farmers in terms of affordability, improving soil texture, increasing the soil’s water retention abilities and stimulating healthy root development.
The Permanent Secretary said this in a speech read for him by Ndola District Commissioner, Joseph Phiri, during the official launch of Geoveda Lenders Limited in Ndola at Lowenthal Theater on Friday.
And Geoveda Lenders Limited Chief Executive Officer, Vernon Chembe, said the company targets to empower small entrepreneurs through loans.
Mr. Chembe further revealed that the company will create jobs for the youths throughout the value chain of production from manufacturing through to distribution.
“ My company has so far recruited over 3000 people from eight provinces namely Eastern, Western, Northwestern, Luapula, Muchinga, Central, Northern and Southern, “ he said.
Mr. Chembe stated that the newly employed are expected to start working on first November this year.
He noted that the company will be able to supply 50,000 liters of organic liquid fertiliser to farmers on the Copperbelt Province and that over 1000 direct and indirect Jobs will be created in each province.
Geoveda Lenders Limited is specialised in the manufacturing and processing of organic products such as organic liquid fertiliser and natural boosters which are used to cure and prevent livestock diseases.
We go in business to reap profits. If you want to partner with companies that don”t want profits, go to the Salvation Army.
The ultimate in business are returns on investments. There’s no business that doesn’t go into it for profits. I think the PS is looking for charitable organizations
Correct Deja Vu. HH became a millionire through profits. Why shouldn’t anyone else? Did he valuate Zambian privatised companies for free?
This PS is another dunderhead. Why would you be in the private sector if not to make money? If you want to be a charity you can open an NGO. Even this company where he sent someone to officiate they are not giving out free fertilizer to help the people but selling in order to make a profit.
Look at the PF cadres above, all yapping like they understand business. When all they did for the past 10 years was destroy the entire business environment. Empty tins make the loudest noise for sure. What the minister is saying is that: Yes, a business is for business, but what used to happen in the last 10years? Business were in for profit but aswell in for Tax avoidance, and even further never paid there employees, including the previous never paid its employees. So the PS is simply saying we know that you are for profit but do not come here for the sake of just making profit-but take responsibility aswell. Empower our people, transfer the skills, give them a good wage, fund communal projects run by Zambians, Pay tax too.
#5 Useful *****. Can’t distinguish sense from nonsense.