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Friday / November 22.
HomeCompaniesClearing of retirees liability paves way for revamp of NCZ

Clearing of retirees liability paves way for revamp of NCZ

Nitrogen Chemicals of Zambia (NCZ) says the K89 million that was released by government will clear all the 166 retirees that were being owed their retirement packages by the company. This will enable the company to now concentrate its efforts on revamping local fertilizer production

Company Sales and Marketing Manager Cleopatra Chanda said these are all the retirees that are currently being owed their benefit packages by the company and as soon as they are paid, the only retirees that will be owed are the ones retiring this year.

Speaking in an interview with the Zambian Business Times-ZBT, Chanda also mentioned that the company has plans to revamp Nitrogen Chemicals of Zambia and has activities in their strategic plan, which they expect their stakeholders to support.

She also noted that the company is currently producing fertiliser for the government, which is meant for the Farmer Input Support Programme (FISP) for the 2021/2022 farming season.