Related Keywords: aims to rehabilitate Mulungushi Textiles, between Industrial Development Corporation (IDC), expertise in textile industry, factory plans to re-develop, good for Kabwe, Japanese company Marubeni, Kenya, Memorandum of understanding signed, open windows for variety of opportunities, out-grower schemes for cotton, sixth session TICAD in Nairobi
The signing of memorandum of understanding (MoU) between Industrial Development Corporation (IDC) and a Japanese company Marubeni with expertise in the textile industry at the just ended sixth session of the Tokyo International Conference on African Development (TICAD) in Nairobi, Kenya, aims to rehabilitate Mulungushi Textiles Limited is good for Kabwe and the province as a whole.
It is also expected that with the MoU in place, Zambia can buy equipment from Japan to revamp the plant.
