{"id":23013,"date":"2022-05-18T20:10:28","date_gmt":"2022-05-18T20:10:28","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment"},"modified":"2022-05-18T20:18:04","modified_gmt":"2022-05-18T20:18:04","slug":"cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment","title":{"rendered":"Cleaning Association lauds HH for US$ 1.2 billion FQM investment"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>The Cleaning Association of Zambia has commended President Hakainde Hichilema and the New Dawn administration for attracting over 1.2 billion dollars foreign direct investment at the recently held Africa Mining Indaba.<\/p>\n

First Quantum Minerals last Sunday said its board had approved plans for a $1.25 billion expansion of its Kansanshi mine in Zambia, a decision it said was prompted by renewed confidence in Zambia\u2019s investment climate following President Hichilema ascendency to power.<\/p>\n

Association President Lawrence Makumbi stated that the announced investment by First Quantum Minerals is welcome as it will change the face of mining in North Western Province. He said the last time such a huge investment happened in North Western Province is 10 years.<\/p>\n

\u201cThis announcement is wonderful news to the people of North Western Province and Zambia as a whole. We wish to commend President Hichilema and his New Dawn administration for this achievement,\u201d Mr. Makumbi said.<\/p>\n

Mr Makumbi has since appealed to the Ministries of Mines and SME Development to ensure that 80% of contracts to be derived from the investment are allocated to Zambian contractors.<\/p>\n

He said in the past, foreign contractors enjoyed the Lion\u2019s share of the contracts even for goods and service that could be supplied by local contractors.<\/p>\n

\u201cThis time around, we want Zambian contractors to enjoy the fruits of this investment. They now have capacity and experience to meet these Orders unlike 10 years ago.\u201d<\/p>\n

Mr. Makumbi said President Hichilema should task his Ministers at Mines and SME\u2019s to ensure that they prioritize local contractors at FQM operated Mines.<\/p>\n

He said government should ensure that the 1.2 billion dollars is not extrnalised by implementing preferential procurement using local contractors. Mr Makumbi has since challenged Banks to come on board and support local SME\u2019s with financial solutions to enable them grow their businesses.<\/p>\n

\u201cNow that the investment is flowing, we now want the Banks to come on board and support local SMEs with financial products to enable them grow and meet the supply Orders. What is true is that even these foreign firms, they age supported by Banks from where they are coming from, most of them don\u2019t even manufacture most of the items they supply here, they are just importers or traders and Zambian contractors should also supported in a similar manner,\u201d he stated.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. The Cleaning Association of Zambia has commended President Hakainde Hichilema and the New Dawn administration for attracting over 1.2 billion dollars foreign direct investment at the recently held Africa Mining Indaba. First Quantum Minerals last Sunday said its board had approved plans for a $1.25 billion expansion of its Kansanshi mine in […]<\/p>\n","protected":false},"author":84,"featured_media":23012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[234,235,233],"class_list":["post-23013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nCleaning Association lauds HH for US$ 1.2 billion FQM investment - Zambia<\/title>\n<meta name=\"description\" content=\"The Cleaning Association of Zambia has commended President Hakainde Hichilema and the New Dawn administration for attrac ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleaning Association lauds HH for US$ 1.2 billion FQM investment\" \/>\n<meta property=\"og:description\" content=\"The Cleaning Association of Zambia has commended President Hakainde Hichilema and the New Dawn administration for attrac ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-18T20:10:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-18T20:18:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/05\/img-62855461bfb0e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cleaning Association lauds HH for US$ 1.2 billion FQM investment\",\"datePublished\":\"2022-05-18T20:10:28+00:00\",\"dateModified\":\"2022-05-18T20:18:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment\"},\"wordCount\":403,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/05\/img-62855461bfb0e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cleaning-association-lauds-hh-for-us-1-2-billion-fqm-investment\",\"name\":\"Cleaning Association lauds HH for US$ 1.2 billion FQM investment - 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