Daily Archives: February 6, 2020

MINES MINISTER CALLS FOR INTERNATIONAL INVESTOR COMMUNITY TO INVEST IN ZAMBIA’S LOCAL MINING VALUE CHAIN

Mines and Minerals Development Minister Richard Musukwa has called on the international investor community to invest in Zambia’s local mining value chain for the country to stimulate growth of the manufacturing industry.

Mr. Musukwa says Zambia’s current procurement value chain for the mining sector was between two and four billion United States dollars.

He was speaking at the Africa Mining Indaba in Cape town, South Africa, during a panel discussion.

He said localising content of mining input would foster business linkages in the sector as well as promote linkages between local and foreign enterprises

Mr. Musukwa mentioned that establishment of linkages between local and foreign enterprises was key in promoting Zambia’s industrialization and diversification agenda.

He said government , with support from Africa Development Bank has since developed a framework for strengthening local capacities and establishment of production technologies.

And Mr. Musukwa said Zambia would work closely and support genuine investors to ensure that they succeeded in their mining business

He expressed happiness that currently, a number of reputable international mining firms were operating in Zambia.

He, however, mentioned that government would not allow investors to break rules of engagement as well as
investment commitments.

Mrs Naomi Nyawali
First Secretary Press and Public Relations Zambia High Commission South Africa
Press@zambiapretoria.net