Zambia’s Minister of Mines and Minerals Development, Paul Kabuswe, says the country has recorded more than US$12 billion in mining investments since 2021, describing it as a strong vote of confidence in the nation’s mining sector and economic direction. Mr. Kabuswe disclosed this during a farewell luncheon held for staff of the Ministry at the …
Zambia secures over US$12 billion in mining investments since 2021 – Kabuswe
Zambia’s Minister of Mines and Minerals Development, Paul Kabuswe, says the country has recorded more than US$12 billion in mining investments since 2021, describing it as a strong vote of confidence in the nation’s mining sector and economic direction.
Mr. Kabuswe disclosed this during a farewell luncheon held for staff of the Ministry at the Fairview Hotel in Lusaka. The event was attended by the Ministry’s Permanent Secretary, Dr. Hapenga Kabeta, and members of staff.
According to the Minister, the investments were achieved through deliberate efforts by the government and the Ministry to reposition mining as a key driver of Zambia’s economic transformation under the leadership of President Hakainde Hichilema.
“Since 2021, together with the dedicated staff at the Ministry, we have worked tirelessly to reposition the mining sector as a key driver of Zambia’s economic transformation,” Mr. Kabuswe said.
He noted that the over US$12 billion secured in mining investments reflects growing investor confidence in Zambia’s policy direction and the potential of the country’s mineral resources sector.
Mr. Kabuswe also thanked President Hichilema for the opportunity to serve as Minister of Mines and Minerals Development and expressed gratitude to the Zambian people for electing the United Party for National Development (UPND) government.
He further commended staff of the Ministry for their professionalism, commitment, and patriotism, saying their contributions played a major role in the achievements recorded during his tenure.
