Sunday, 4 December 2011

PSDA welcomes government's plans to revamp ncz

the private sector development association (psda) has welcomed the plans by government to revamp the nitrogen chemicals of zambia through budgetary allocation.
the association has however cautioned that such plans need a company management which is focused to get the firm back into full production.
speaking in an interview with radio phoenix, psda chairperson yusuf dodia says zambia needs the company because the diversification programme is focused on agriculture to get the economy moving.
mr. dodia says apart from producing fertilizer, the company also produces chemicals needed by other companies in the country and the southern africa region hence the revamping of the ncz will make zambia earn more revenue.
meanwhile mr. dodia has advised the ruling patriotic front government to look at revamping other non functional companies like the kabwe fabrics company which was placed into private hands but has been performing badly resulting in job losses.
he says the government must engage the owners of the company and strategise the way forward

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