Zambia manufactures look forward to mining expo
from ARNOLD MULENGA in Lusaka, Zambia
LUSAKA, (CAJ News) – THE Zambian Association of Manufacturers (ZAM) is scheduled to to showcase huge opportunities for local manufacturers in mining sector at next week’s Copperbelt Mining Trade Expo & Conference (CBM-TEC).
The event is slated for Kitwe from 5-6 May.
“With Zambian mining companies buying up to 1.7-billion dollars’ worth of manufactured imports annually there is clearly a huge opportunity for the local industry” says Maybin Nsupila, Chief Executive Officer of ZAM.
Nsupila is scheduled to host a workshop for Zambian suppliers and mining purchasing managers at the upcoming event.
He said companies were producing good products but they did not have access to markets.
“We are exploring to integrate the local manufacturing industry more into the mining supply chain. So we will be trying to show, first of all, some developing success stories.
“Secondly, we will also show what interventions we are putting in place in the medium and long term to try and increase the volumes of locally manufactured goods that are going into the mining supply chain.”
ZAM will be launching a new web facility, Zamb2b.com, to bridge the information gap.
“We will be unveiling one of the tools that we have developed to bridge the information gap at the event.
“So we are hoping that to the end of the meeting, we will have gotten a lot more producers and mining companies using this facility. We will be demonstrating how it works and how a company can be part of it.”
According to the ZAM CEO research by the Chamber of Mines and the International Council of Mining and Metals last year, showed that a sample of six of mining companies were buying up to US$1,7 worth of manufactured imports annually.
“And this is not including capital expenditure. So that is recurrent expenditure of $1,7-billion. $600 million’s worth was being imported directly by the mining companies and about $1 billion sourced locally but imported. And only $100 million dollars is coming from here.
“So it is a huge opportunity for the local producers and I think we are increasing the potential for the mining companies to contribute to much more sustainable employment creation through backward linkages. We are also thinking that obviously those backward linkages are able to help us move on with commodity based industrialization.”
CBM-TEC is expected to host more than 1 500 visitors, 100 exhibitors and 200 conference delegates.
– CAJ News
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