Related Keywords: joint venture, lease agreement, Mohammed Enterprises, Qingdao textile, Tanzanian investor, Zambia Ministry of Defence, Zambia-China Mulungushi textiles
Zambai-China Mulungushi Textiles run under a joint venture between Qingdao Textile and Zambia Ministry of Defence, but the partnership fell through forcing the company to close down in 2007 has found a Tanzanian investor who has expressed interest to revamp the Mulungushi Textiles in Kabwe.
The government wanting to lease the firm was looking for an independent investor who will operate it profitably on a large scale basis.
