MMD member and finance minister Felix Mutati has announced that government will not recapitalise the defunct Mulungushi Textiles factory in Kabwe and further says there will be no partnership with the Japanese company Marubeni.
In the run up to last year’s elections Edgar Lungu held a meeting at the factory and announced that the government through the Industrial Development Corporation – IDC would pump in capital to revive the giant textile factory that has been closed for over a decade. The move cheered people of Kabwe as it was envisaged that over 5,000 direct jobs will be created with many other indirect jobs.
Later government again announced that a Japanese investor, Marubeni Corporation had partnered with the Zambian government to revamp the factory and had even started rehabilitation works but speaking today in Kabwe, Mutati said both projects have been abandoned but to cover his government’s lies said that government will come up with a complete overhaul of the plant and have it operational as an independence gift next year!
Waffling during the launch of the World Bank sponsored Zambia Mining Environmental Remediation and Improvement Project – ZMEIRP in Kabwe, Mutati said that Marubeni has instead decided to build a new textile factory and land has been secured for them along the Kabwe road. Mutati also went into hallucination that Zambia Railways will be revamped and is another independence gift that Lungu has for Kabwe.