Related Keywords: Boost, cotton industry, deal signed, denim plant, investment, job creation, joint venture, MeTL, Mulungush textile, reopening, working capital
The re-opening of the moribund Zambia-China Mulungushi Textile Joint Venture seven years after it was shut has come as a special gift to the people of Kabwe in this Jubilee year.
The factory has been leased to Mohammed Enterprises Tanzania Limited Group (MeTL) for a period of 12 years. The new investor will in the next three months assess the condition of the machinery at the plant, before resuming operations at the textile plant.
