It would be interesting to know the breakdown of the 44% attributed to citizens. We ultimately need a strong manufacturing base and serious investment in R&D to create stronger linkages and fully domesticate the expenditure from mining companies.
FIRST Quantum Minerals (#FQM) country manager Godwin Beene says the mine last year directed about US$1.6 billion, which is about 88 percent of its procurement needs, to nationally registered suppliers and contractors. Speaking in Kitwe during the Mining Local Content Conference and Exposition spearheaded by the Zambia Association of Manufacturers (#ZAM), Dr Beene said out of the 88 percent, 44 percent went towards Zambian citizen-owned companies while 56 percent was for multinational organisations that are registered in #Zambia. He said the 56 percent are predominantly firms that are affiliated to original equipment manufacturers (OEMs) subsidiaries or authorised distributors that affect the after-sales support and warranty conditions. READ MORE: http://shorturl.at/sGLNT