Zambia’s mining sector remains the backbone of the country’s economy, driving exports and foreign exchange inflows. Yet, concerns persist among experts that most mining companies are foreign owned, limiting the value Zambia derives from its mineral wealth. Mining expert Edward Simukonda believes that increasing local ownership in the sector is not only possible, but essential for Zambia’s long-term economic benefits. Speaking to the Zambian Business Times (ZBT), Simukonda emphasized that targeted investments in small-scale miners could significantly enhance local participation and national earnings from mineral exports. “Looking at the kind of money allocated through the Constituency Development Fund (CDF), if...
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