Chamber welcomes the positive rating of Zambia by Fitch Ratings, as it urges Government to take advantage of the opportunity to put the industry back on the growth path.
The Zambia Chamber of Mines encourages Government to take advantage of the positive sentiment that the upgrade of sovereign local currency issuances by Fitch has demonstrated. The President of the Chamber of Mines Dr Godwin Beene highlighted the urgency stating, “This upgrade is an opportunity to leverage the record bullish copper demand outlook to build even more momentum and seize control of the market narrative.”
Zambia has always had an opportunity to attract world class mining investment into its internationally renowned mineral exploration and production potential, which the world mining investment community views with continuing interest. It is also a good opportunity for local potential mining investors to showcase their projects on the world mining stage on the back of this favourable rating.
The upgrade by Fitch is a great opportunity for Zambia to latch onto this positive assessment by a major international investment house, which will be a boon for both local and local and international investors.
Dr Beene emphasised that, “There has never been a better moment for Government to reset the narrative than now. By removing the impediments to investment in the mining sector, Government can lock in a solid production increase outlook upon which to base the restoration of broad-based economic growth.”