Friday, April 12, 2024

Value addition key to diversification-Lungu

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Jewel of Africa partner Mrs Rashein Shamaa explains to President Edgar Lungu while Commerce Minister Christopher yaluma listerns when he toured JOA offices in lusaka
Jewel of Africa partner Mrs Rashein Shamaa explains to President Edgar Lungu while Commerce Minister Christopher yaluma listerns when he toured JOA offices in lusaka

President Edgar Lungu says value addition is key to diversifying the economy and for creation of quality Jobs.

President Lungu says value addition to minerals is one of the strategies outlined in the seventh National Development Plan (7NDP).

President Lungu said this in Lusaka today when he graced the celebration of Jewel of Africa 25 years of its existence.

The Head of State said the increase in expansion of the industry and adding value to the minerals in the country will ensure growth in the sector.

He said the mining sector, large or small is a viable business venture in the country because it is a resource which is abundant.

President Lungu urged Zambians to show off its mineral wealth that the country is endowed with, as the sector has lagged behind.

He has since commended Jewel of Africa for its achievement and encouraged other business ventures to succeed and that more companies should emulate the firm.

Speaking earlier Minister of Commerce, Trade and Industry, Christopher Yaluma said it is good that Jewel of Africa uses locally sourced materials.

Mr. Yaluma said he is impressed with the company for adding value to the rich mineral wealth that the country is blessed with.

He said this will in turn create a ripple effect in the economy and create meaningful jobs for the local population.

Mr. Yaluma also encouraged the local industries to tap into the mining sector so that it may achieve its full potential.

Meanwhile, Minister of Mines and Mineral Development Richard Musukwa said there is need to protect the industry in order to support the economy.

Mr. Musukwa stated that the mining sector requires huge and massive infrastructure development that can support the development of the industry.

He stressed that Jewel of Africa has led the way and created a path that will ensure many players are involved in adding value to the mining sector.

And Jewel of Africa Managing Director Raj Sharma said it has not been an easy journey to reach where the company is today.

Dr. Sharma explained tha he is happy with the favorable economic policies that has helped them in doing business and eventually growing the business.

11 COMMENTS

  1. Let’s start with the Cobalt sir,… otherwise let’s just keep silent. Cobalt is $90,000 per ton… there isn’t anything else that can sale at this amount other than supplementary products to support cobalt.

    There is only Zambia and DRC who have this mineral in abundance. Can you stop the mines exporting soil, we all know that soil is cobalt.

    If you cannot do this for Zambia, we cannot support you, cause it will mean you are not good for us.

    • There is nothing he is understanding from that smart-perfumed lady.
      Amano yali fye kuli General Kanene. He can’t wait to hear report from Kaizer’s efforts to retrieve their nephew Kanene to dirtiest PF-musician.

  2. Lazy has been talking of value addition i dont even from when …he has no understanding of what it means…value addition should be in everything you do even loans local businesses should benefit not 20% nonsense

    • Lazy bum tribal illiterate Mapatizya Formula online chief of the tribal H-organisation hooligan bully son of a tribal polygamist father who never taught him toilet training pooping in public HAGAIN needing a diaper. PRIVATIZATION THIEF, FIVE TIMES loser and leader of the TRIBAL TONGA H-organisation will NEVER be president in Zambia no matter what happens because it is UNELECTABLE and clueless.

  3. ”President Edgar Lungu says value addition is key…”

    ”Meanwhile, Minister of Mines and Mineral Development Richard Musukwa said there is need to protect ..”

    ”..into the mining sector so that it may achieve its full potential…”

    ”…The Head of State said ……. and adding value to the minerals in the country will ensure growth in the sector…”

    Look at these lazy corrupt thieves, busy 24/7 ati ”There is need”, ”so it may”
    that is all they are good at, talking , no action. But when it comes to spending borrowed money, you wont even see them….

    • Lazy bum tribal illiterate Mapatizya Formula online Vice President (BoSPAKATA) of the tribal H-organisation second choice hooligan bully son of a tribal polygamist father who never taught him toilet training pooping in public TOO and in need of a diaper as WELL. PRIVATIZATION THIEF, FIVE TIMES loser and leader of the TRIBAL TONGA H-organisation will NEVER be president in Zambia no matter what happens because it is UNELECTABLE and clueless.

  4. Whenever I see Mr. Edgar Chokolwa Lungu–the Clueless one, I see Zambia’s wasted years. Painful. Very painful.

    • 8 billion in debt the lazy fooool is still singing the selfsame song about adding value when he gets loans he is too excited companies have come and gone back to China with zero value addition to the construction sector…not even these foreign workers learning the language for the local colleges to benefit.

    • Whenever I see a LITTLE BOY I know he is clueless and an UNDER FIVE. He doesn’t know he cannot win in ZAMBIA and that he is UNLIKABLE.

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