By JACKSON MAPAPAYI
A local firm in Solweizi has acquired about 500 hectares of land for the construction of a university.
Freca Mining and Manufacturing Company intends to put up a university to offer engineering programmes.
Company executive director, Fred Kasong’u, told the Daily Nation in an interview that his firm was prompted to come up with the project in order to address the tertiary education challenges the people in North-western province are faced with.
He said facility would mainly offer engineering programmes once completed, considering the fact that a number of mining firms being opened in North-western province.
‘’I have already gotten the land and what we are doing is the designs of the whole facility and once the designs are done works will commence,’’ he said.
Mr Kasong’u said the project would be done in a phased approached, disclosing that about $500 million will be used in the first phase.
He said the facility would come with other supporting facilities such as a shopping mall, township, and financial institutions.
Asked if the project would be externally funded, Mr Kason’gu said: ‘’for now, it is self-funding, but if we can find financiers that will be great thing.’’
And Mr Kason’gu has called on the business community in North western province to take advantage of the investment expo slated for August this year.
He said the expo was an opportunity for the business community to find possible business partners both local and foreign.
The province, he said, was endowed with a lot of natural resources and therefore stood out to benefit from the investment expo.
‘’It is us the people of this region who are going to benefit and therefore we have to take advantage of this rare opportunity,’’ he said.