CARGILL, an agro company, and the Industrial Development Corporation Limited (IDC) have signed a memorandum of understanding (MoU) on setting up mini-mills in various areas of rural Zambia.
This is according to a joint statement released yesterday by the IDC and Cargill, which is active in cotton origination and ginning, as well as grain and oil seeds origination and trading.
The MOU was signed in Chipata by Cargill’s general manager in Zambia Lezanne van Zyl and IDC chief executive officer Andrew Chipwende.
Cargill is investigating how best to expand its asset footprint and believes by strategically placing smaller processing plants could leverage its existing small-scale origination capabilities with its merchandising and supply chain expertise. The current model of the pilot project is only built on retail sales of breakfast and roller meal.