The World Bank has recognized the Zambian Government for its groundbreaking mining policies, linking the sector’s impressive performance to President Hakainde Hichilema’s leadership focused on reforms.
During a significant meeting at State House on Tuesday, World Bank Country Manager Dr. Achim Fock applauded the rise in mineral production—especially copper—even as the country faces an energy shortage. He mentioned that this growth shows the benefits of consistent policies and renewed trust from investors.
“There is increasing hope among private sector players and international partners regarding the future of Zambia’s mining sector,” Dr. Fock remarked. He pointed out that the sector now accounts for about 44 percent of national revenues, highlighting its essential role in Zambia’s economic stability.
The World Bank team, which included members from the Zambia Chamber of Mines, met with President Hichilema to discuss ways to boost local content and strengthen the mining value chain so that more benefits reach Zambian citizens.
President Hichilema reiterated his government’s dedication to creating economic opportunities through sustainable mining practices. He emphasized that mining should be a means for community improvement and overall national advancement.
“Our aim is to turn the mining sector into a driver for economic diversification,” the President stated, referencing successful resource-driven economies like Qatar. He also stressed that the government is working hard to address Zambia’s energy shortages to achieve the ambitious goal of producing three million tonnes of copper each year by 2031.
Mines and Minerals Development Minister Paul Kabuswe, who was also present at the meeting, described the partnership between the World Bank and the Chamber of Mines as fruitful. He noted that the government’s choice to avoid legal disputes in the sector has encouraged collaboration.
