Pick ‘n’ pay invests more than US$23m in Zambia


PICK ‘N’ Pay has invested more than US$2.5million in its Mukuba store in Kitwe, bringing a total of its investment in Zambia to more than US$23million from the time it came to Zambia in 2009, says operations manager Riccardo Franco.

He said his company was a leading supermarket in Africa, and has been investing in the Zambian economy since 2009 and currently has 10 stores in Lusaka and the Copperbelt.

Mr Franco was speaking yesterday at Pick ‘n’ Pay Mukuba Mall Open Day, in Parklands .

The open day was attended by Kitwe Mayor Kelvin Sinyangwe, outgoing Kitwe district commissioner Elias Kamanga who has been promoted to the position of deputy Copperbelt provincial permanent secretary and new Kitwe district commissioner Chanda Kabwe.

Mr Franco said the open day was designed to provide stakeholders with first-hand look at Pick ‘n’ Pay newest investment in the country which would create 140 permanent jobs and also explore opportunities for future growth

“Our investment in Zambia is aimed at improving people’s lives by creating direct and indirect jobs. One hundred and fourty permanent jobs would be created at the official opening of this store. We have invested a total of US$2.5million in this store. This will be the eleventh store in Zambia.

“We have so far invested a total of more than US$23million in capital equipment. With a growing retail footprint in Zambia, Pick ‘n’ Pay is currently working to improve the lives of Zambian small and large-scale suppliers, employees and the local community through empowerment, training and skills transfers, the sale of fresh and diverse products and social responsibility,” Mr Franco said.

And speaking later, Kitwe Mayor Sinyangwe said the construction of another shopping mall in Kitwe was a positive development because it would add economic value to the city. Mr Sinyangwe said the local authority would always support investors who were bringing economic development to the city of Kitwe because such investors were also creating employment for the residents. “As a local authority, we are always proud when investors come to our city to put up shopping malls that would create employment and also add economic value to the  city of Kitwe.


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