Zambian envoy to Germany Anthony Mukwita says the decision by Amatheon Agri Holding to issue a €20 million convertible bond will boost the Agro-company to grow further in Zambia where it has created thousands jobs.
Mr Mukwita said the company is good for the pursuit foe economic diplomacy because it shows companies in Germany and other parts of Europe that Zambia is a safe investment destination under President Edgar Lungu.
The senior diplomat encouraged Zambians to invest in land and look for partners such as Amatheon because Zambians are bound to re-invest in Zambia much more than foreign companies.
Amatheon Agri Holding Founder and CEO Carl Bruhn said the issuance of the bond will help Amatheon in strengthening its position in agribusiness.
Mr Bruhn said as food supplier in both local African and international markets by also adding value through state-of-the-art processing infrastructure.
“This successful issuance allows the Company to further strengthen its operations and enhance its liquidity. This Bond enables us to shape Amatheon’ s next growth phase towards premium food production and processing in Africa, and to enter top-quality marketing and trading activities,” he said.
Amatheon has invested over EUR 100 million in its Zambian, Zimbabwe and Uganda operations thus far and remains one of the biggest employer of outgrowers with numbers currently standing at 4000
This is according to a statement issued by Kellys Kaunda, First Secretary Press and Public Relations at the embassy of Zambia in Germany.
