Status Hi-tech Expansion Project

Status Hi-Tech Zambia Limited is a 100% Zambian owned company established in 1998. The company specializes in the supply, control and management of Personal Protective Equipment (PPE) and Fire Fighting Equipment throughout industry including mining, agriculture, manufacturing, petroleum and power generation Industries. The company also provides specialized occupational and environmental safety consultancy services. The head office is in Chingola and has 4 branches in Zambia (Lusaka, Kitwe, Solwezi and Kalumbila) and 1 subsidiary in Democratic Republic of Congo. Main products and services produced are Personal Protective Equipment (PPE); Fire-Fighting Equipment; Occupational Hygiene and Environmental Consultancy. The company also intends to eventually move higher in the value chain (through manufacturing and wholesaling) offer more expert services and enter the export market. The company is seeking capital injection to expand their product and service offers through FDI. The expansion plans are company-wide but will be focused more on Chingola and Solwezi subsidiaries where the company infrastructure is concentrated and most of the market lies. The total cost of the capital injection required is $ 3million which is supposed to be deployed as follows: $1 million for CAPEX (buildings and equipment) and $2 million for working capital (i.e. stock, project funding and export financing). The project is expected to succeed because the market is readily available and the business is highly profitable with a net profit after tax of ≥ 25%. The project is open for FDI through a minority stake.

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