Zambia Signs Its Largest Agricultural Investment Project

    On the 12th, the Zambian government signed an investment protection and promotion agreement with the British company Chobe Agrivision. Under the agreement, the company will invest 50 million US dollars, develop 10,000 hectares of arable land, and is expected to produce 120,000 tons of grain annually and provide 1,600 jobs. This is the largest agricultural investment project Zambia has signed to date. The company plans to invest another 200 million US dollars over the next 5 years to expand agricultural development.