Categories: Business

Govt woos investors in oil sector

Northern Province Permanent Secretary Elias Kamanga says there are major investment opportunities in exploration of oil and other minerals in the province.

Mr. Kamanga says in the Mining sector, the Province presents quarrying opportunities for both large and small scale entrepreneurs.

“One such example is the Kasama flat stone, a flat slate with a smooth surface, mostly used for engravings and is also handy as a building material for making walls or floor tiles and other decorative works, Mr. Kamanga said.

Mr. Kamanga states that mining exploration and surveys have confirmed the presence of mineral deposits as well as gemstones.

He says the confirmed deposits include semi-precious stones such as emeralds, beryllium, sapphire, garnet, tourmaline, amethyst, aquamarine, citrine, quartz and gold, in various parts of the Province such as Luwingu district in Senior Chief Shimumbi’s chiefdom.

He adds that there is also a type of clay that can be mined for pottery.

More From Author

ACCA

https://www.accaglobal.com/africa/en.html

Read More

Economist @ Money 02 May 2020

Join the host and guest as they look at various economic issues.

Read More

Women @ Money – “Strategic Planning”

Listen to the host Nkhonde Fumbeshi as she discusses “Strategic Planning” with Dr Freda Mwamba…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Forex Reserves surge to US$3.6 billion, as policy rate increases to 13.5 percent

  This is equivalent to 3.9 months of import cover. This is compared to US$3.3…

Read More

Economist projects increase in Monetary Policy Rate to 13%

The anticipated increase in the Policy Rate is attributed to high inflation figures coupled with…

Read More

Indo Zambia Bank disburses K64 million under SAFF

Indo Zambia Bank has been actively involved in promoting sustainable agriculture through the credit facility.…

Read More