Government 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.
In a statement to Money FM News, Minister of Mines and Mineral Development Richard Musukwa said Zambia’s current procurement value chain for the mining sector was between two and four billion United States dollar.
“Zambia would work closely and support genuine investors to ensure that they succeeded in their mining business.” He said.
Mr Musukwa said localizing content of mining input would 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.
“Government would not allow investors to break rules of engagement as well as investment commitments.” He said.
Mr Musukwa further noted that government, with support from Africa Development Bank has since developed a framework for strengthening local capacities and establishment of production technologies.