CSC is coming back in full force says Ziyambi
Justice, Parliamentary, and Legal Affairs Minister Ziyambi Ziyambi said the once-thriving Cold Storage Company (CSC) will soon bounce back.
Cold Storage Company at its pick used to export beef to Europe before it folded several ago due to alleged mismanagement.
Efforts in the past decade to try and find investors who could revive it have yielded little to no success.
The company has not only lost most of its infrastructure but also its market share to private players.
Senator Chirongoma asked during a question-and-answer session in the Senate whether there were still prospects for the company to be revived to its former glory.
In his response, Justice Minister Ziyambi Ziyambi said the company is coming back to full force and that the government has since found an investor.
‘’I would like to thank Honourable Senator Chirongoma for his question. CSC is coming back in full force. The government has since found a partner, through the Ministry of Agriculture.
‘’The company is called CSC Boustead. It is working on final preparations which will ensure that CSC goes back to its golden days. So as Government, we are working on rooting out all unscrupulous dealers who were in the agricultural sector, be it in production or market chain.
‘’There were people who were monopolising the meat industry, so we want to rectify all that so that CSC functions properly,’’ he said.
Companies looking at saving infrastructure
Minister Ziyambi added that people will begin to see progress soon and that the companies are currently looking at the CSC assets with a view to protecting them from vandalism and abuse.
‘’I think that is what is now happening because the companies have started working. They are now looking at the CSC assets. So, I hope that in the shortest possible time, you will be seeing progress,’’ he said.
There are reports that some of the private players in the meat industry are actually using CSC infrastructure for their benefit. However, this is not the first time that an investor has been identified for the parastatal, several have been identified in the past but nothing came out of it.
CSC is coming back in full force says Ziyambi
