Minister Margaret Mwanakatwe some of the products during the tour of Trade Kings
Trade Kings Zambia Limited has set up a 50-million dollar detergent soap plant in Zimbabwe.
Trade Kings Operations Director Bright Chunga says the plant will later introduce other products.
Dr Chunga said in an interview that Trade Kings seeks to cut down on transportation costs for its exports to the Southern African region.
He notes that Trade Kings has been exporting to Zimbabwe but is now producing within that country through Zim Kings using Zimbabwe’s labour with an initial employment base of 200.
This is the way to go. We can not just have Zim or other African companies in Zambia. But make sure that the profit comes back to Zambia and not goes to RSA.
Good I hope they don’t close the zambian plant’s due to high production costs in zambia
This is truly a success story of a company owned by Zambians.
It shows that Africans can trade and invest among themselves without capitalist venture funds as illustrated by Aliko Dangote.
Forward with such business acumen!!
@Donqueen
This is truly a success story of a company owned by “Zambians of foreign origins” (Mwenyes & Azungu esp dual citizens). It comes back to the same – many Zambians are employed as labourers except a few like Dr Chungu & profits still externalised to their countries of origin.
We need indigeneity (blackness) as well. GRZ should deliberately help indigenous Zambians with start up capital. Don’t argue aimlessly! Not long ago even America bailed out private companies like GM, Ford, etc during the 2008-2009 economic recession to keep them viable.
I feel this is a very positive story. Personally as an indigenous Zambian I have no qualms about Zambians of foreign origin succeeding as long what they are doing is legit and they treat their staff fairly which is more than what I can say about some South African corporate institutions. That said I have another observation (and this will piss off many): Zambians have a tendency to praise Zambians of foreign origin but when an indigenous Zambian makes it the knives are out – s,a.t,a.n,i.s,t, crook, thief, stingy, etc just an opinion. Lets not split hairs and discriminate there are many Zambians of foriegn origin that have done more than useless politicians e.g Irwins, O’Donnells ‘to mention a few. I wont mention the indigenous ones lest I be crucified for being political.
Keep on growing Trade Kings the world need your unique products