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Zambia seeks credible investors, presidency tells stakeholders at S’Africa mining Indaba

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President Hakainde Hichilema’s special advisor for finance and investments Jito Kayumba, has said State House wants to maximise potential partnerships with key stakeholders in exploration, value addition, and mining.

Kayumba said Zambia was using the ongoing Mining Indaba in Cape Town, South Africa to engage various stakeholders to invest in key areas for the country to attain its projected three million tonnes annual or copper production.

He said on the side-lines of the Indaba on Tuesday that Zambia was back on the international scene with so many business opportunities for Foreign Direct Investments (FDIs).

Kayumba asked mining companies to consider Zambia as a destination of choice and would be assured of a return on their investment.

He said Zambia has created a conducive business framework that promotes private sector investment.

Read more :ZANACO pledges more support, as loan portfolio to mining sector hits $74.1 million (zambiamonitor.com)

This is according to a statement issued by Zambia high commission first secretary for press and public relations Tamara Nyirenda available to Zambia Monitor on Tuesday.

Kayumba said Zambia was open to investors that come with a pedigree of clarity on Zambia’s interest at heart bordering on social economic impact and creating jobs.

He says Zambia is looking for credible investors that will develop mines and optimise productivity so that the country can earn more revenue to improve the lives of its citizens.

“We are engaging in partnership in line with the Government’s policy on trade and investment that will increase access to markets and enhance prospects for forex earnings,” Kayumba said.

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