(LUSAKATIMES) NCZ management Team fail to explain the viability of their company

NCZ management Team fail to explain the viability of their company
Friday, April 24, 2009, 21:53

Nitrogen Chemicals of Zambia (NCZ) Managing Director, Richard Soko, and his delegation were on Friday turned away by the Parliamentary committee on Agriculture for failing to respond to queries.

Committee Chairman, Request Muntanga, directed Mr. Soko and his team to go and prepare details sought by the committee.

This was after Mr. Soko’s delegation failed to ascertain the amount of money required to fully recapitalise the fertiliser plant which is currently non-operational.

Mr. Muntanga was also displeased by the delegation’s failure to determine the anticipated production levels and profitability once the plant is fully recapitalised.

The NCZ delegation was consequently directed to re-submit its report on Wednesday next week.

The Parliamentary Committee on Agriculture and Lands is currently receiving submissions from stakeholders on the viability of the Fertiliser Support Program.

It is also looking at the status of the fish population in Zambia.
[ZNBC]