GERMAN FIRM TO STEP UP INVESTMENT IN WATER SECTOR
By Blessing Chibuye
A German company has pledged to increase its investments in Zambia’s water sector from the current 3-million dollars to about 7-million dollars.
KSB which manufacturers and supplies water pumps for domestic and commercial use has been operating in Zambia for over 10 years but officially set up branches in Lusaka and Kitwe in 2017.
KSB Branch Manager FANUS TERBLANS says his company is looking at increasing its investments in the sector because of more investment opportunities in Zambia.
Speaking on the sidelines of the two day EU-Zambia Economic Forum which comes to a close today, Mr. TERBLANS said the biggest highlight for his company at the Forum was an opportunity to engage government directly and see how they can take advantage of ava
lable opportunities going forward.
He expressed happiness with the commitment given to investors by President HAKAINDE HICHILEMA during the opening of the forum adding that it gives them confidence.
Mr. TERBLANS said planned increase of investments are meant to open up more workshops, servicing plants, vehicles and working tools.
He however stated that the COVID-19 pandemic has affected quick delivery of supplies for his company.
And Ministry of Water Permanent Secretary JOE KALUSA said the country’s water sector provides an investment opportunity worth about 6 million dollars.
He said the 11 water utility companies dotted in Zambia’s 10 provinces need steady supplies of pumps, chemicals and others to support effective operations.
