Mines and Minerals Development Minister Richard Musukwa has called on international investors 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 is 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.
Mr Musukwa said localising content of mining input will foster business linkages in the sector as well as promote linkages between local and foreign enterprises.
He mentioned that establishment of linkages between local and foreign enterprises was key in promoting Zambia’s industrialization and diversification agenda.
Mr Musukwa 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 will 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.
Mr Musukwa however, mentioned that government will not allow investors to break rules of engagement as well as investment commitments.