
MFEZ
The main objective of the Multi facility Economic Zones program in Zambia is to catalyze industrial and economic development through increased activity in the manufacturing sector where value addition to the numerous natural and agricultural raw materials hitherto exported in raw form will be processed for purposes of enhancing both domestic and export oriented business.
MAIN CONDITIONS OF MFEZ
- An area, premises or building declared as a multi facility economic zone shall be the area, premises or building where the activities for multi facility economic zone are taking place and whose limits shall be prescribed in the permit.
- The Agency may require an investor to provide and maintain in a multi facility economic zone standard infrastructure, facilities, ready made standard factory buildings, warehouse, factory space, telecommunication, water & sewerage net works, uninterrupted power supply source, internal roads, and waste water treatment and such other facilities as are required for the effective and efficient operations of the multi-facility economic zone.
- A business enterprise may, in accordance with the conditions attached to its licence, produce for export or local market, any of the goods or services specified in the licence.
- An investor shall not carry out any activity not authorized by the licence or permit.
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