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I draw your attention to SI No. 68 of 2025 which comes in effect on 1st January 2026. This will force mines to buy from local manufacturers. Mines will have to reserve at least 20% of their annual procurement budget for Zambian owned companies.
Last year cabinet approved the establishment of Zambia Minerals Investment Corporation (ZMIC) which will allow GRZ to trade minerals directly. Unlike the old model (ZCCM-IH) where GRZ got a dividend when mines declared a profit, ZMIC will take a percentage of the physical copper produced by all the mines and sell it on the open market.
ZMIC is tasked with entering into joint ventures specifically focused on value addition. ZMIC will also have the right to acquire substantial stakes (up to 30%) in new mining projects.
Zambia, DRC and USA also signed an MOU to create a regional value chain for EV batteries in 2022. This was followed by the Transboundary Battery and Electric Vehicle Special Economic Zone agreement in 2023.
A pre-feasibility study carried in 2023 confirmed that the project is technically and financially viable. It found that manufacturing battery precursors in Zambia and DRC would be significantly cheaper than in the US or China. This project is supported by Afreximbank, the United Nations Economic Commission for Africa (UNECA), and the US government
Things are happening, but we all seem to be preoccupied with politics to notice all of this. Any one interested in learning more about the Transboundary Battery and Electric Vehicle Special Economic Zone can follow the links below
uneca.org/stories/eca-an….
uneca.org/stories/zambia….
Arthur J.@KasubaAj
Very difficult to even contemplate how #Zambia will fully benefit from extracted minerals with the absence of ‘real’ participation. The current business models disadvantages #Zambia in collecting its share via taxation & remuneration of its people.
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