The Zambia Institute for Policy Analysis and Research, or ZIPAR, has advised the government to strengthen policies meant to increase mining sector exploration and investment.
This should be done, according to ZIPAR Executive Director HERRICK MPUKU, while boosting government revenue collection.
Dr. MPUKU has additionally urged the government to move swiftly to address issues at Mopani and Konkola Copper Mines (KCM) in order to free the industry and help boost copper production.
Dr. MPUKU noted during a news conference reviewing the country’s economic performance in 2022 and the outlook for the next year that the mining industry had negative growth of 6.9 percent in the first half of this year as opposed to negative growth of 4.9 percent in 2021.
However, he claimed that the sector had made large investments as a result of concessions in the budget for 2022, particularly the restoration of the deductibility of mineral royalties.