Agric sector has great incentives- ZDA

Zambia Development Agency-ZDA Chief Executive Officer Perry Mapani says it is rewarding to invest in Zambia's agriculture because of attractive business incentives. Mr. Mapani says an investor in the sector is allowed to import agriculture equipment duty free adding that corporate tax is only 10% as opposed to 35% in other sectors. He said this when Zambia's High Commissioner to India Judith Kapijimpanga took PRASAD Seeds Company that wants to set up a multi-million dollar seed processing facility in Zambia. He says agriculture is a priority sector in Zambia as outlined in the Seventh National Development Plan -SNDP which looks at diversification of the economy from copper dependency, of which agriculture is key. The ZDA Chief says Government is further supporting the sector through the creation of industrial parks and a farm block in each of the ten provinces. Mr. Mapani says ZDA also runs with the investor in registration, legal requirements and land acquisition among other...