By Isaac Zulu
Mines minister Paul Kabuswe says there is increased investment interest in the Zambian mining sector.
Speaking during an interview with CBC Africa on the sidelines of the Mining Indaba, converging in South Africa’s Cape Town, which seeks to elevate mining through deal sourcing and corporate matchmaking for the African mining sector, Kabuswe disclosed that there is massive investment interest in the Zambian mining sector at the moment.
“There’s increased investment interest in the mining sector. Not only in investment, but there’s interest to increase production. There’s massive investment interest in the Zambian mining sector,” explained Kabuswe.
Kabuswe, who is also Chililabombwe member of parliament, attributed the increase in investment interests in the mining sector to the conducive business environment that the UPND government has created for companies and individuals that want to venture in the mining activities in Zambia.
He said the policies that have been formulated and being implemented by the UPND government have continued to attract more investments in the mining industry.
Kabuswe said the government would continue to create an enabling environment, not only in the mining industry, but in other sectors of the economy in order to spur economic growth in the country.
The Chililabombwe law maker also said the UPND administration has managed to make steady progress in ensuring both Konkola Copper Mines (KCM) and Mopani Copper Mines (MCM) become fully operational, saying that Zambians would soon start seeing the benefits of the various engagements that the UPND administration, under the leadership of President Hakainde Hichilema, have been having with both foreign and local investors regarding investment opportunities in the mining sector in Zambia.
