Industrial Development Corporation (IDC) CEO Mr. Cornwell Muleya has inaugurated the Board of Directors for Eastern Tropical Fruit Company Limited (ETF) in line with the Corporation’s commitment to strengthen operations and governance across all its Group of Companies.
Speaking during the inauguration ceremony held at IDC through a speech read on his behalf by the Chief Portfolio Officer Mr. Siameja Siakakaye, Mr. Muleya disclosed that it is the responsibility of the Board to guide the management team in executing operational reforms that will enhance ETF’s financial performance and deliver value to shareholders, including the people of Zambia.
“Your leadership will be key in ensuring that ETF meets its objectives and fulfils its potential,” he said, emphasizing the instrumental role the Board of Directors will play in driving the company’s growth and ensuring its sustainability in a competitive environment.
ETF is IDC’s flagship hybrid fruit processing project, with the potential to become a leader in the agro-processing sector.
Its location in Katete district offers strategic advantages, including proximity to the major provincial market in Chipata (90 km away) and the potential for exports to Mozambique and Malawi.
The newly inaugurated Board members are:
Mr. Cassim Masi
Mr. Dymus M. Nyeleti
Mr. Kanyembo Chinyanta
Mr. Chooye Hanusankwa
Mr. Beaton Kaluba