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Alba Iulia
Tuesday, August 11, 2020

Mines Minister urges Youth to take advantage and invest in Mineral Resources

Economy Mines Minister urges Youth to take advantage and invest in...

Mines Minister Richard Musukwa has called on the young people to take advantage of the Kalumbila Multipurpose Cooperative Society Ltd and invest in Mineral Resources in order to reduce Youth Unemployment and provide livelihoods to local people in the country.

Mr Musukwa says Youths must consider having Hundred Percent (100%) shares in Mines so that the Mining Sector can start being dominated by local people.

The Minister has further encouraged Youths to participate in legal exploitation of Minerals in order to create Jobs , Empowerment and Contribute to the country’s GDP which will lead to a favorable GNP as the profits will remain in Zambia.

The Minister said, “if we have Mines owned by Zambians it means that the proceeds in terms of the Sales and operations will be fully zambian and will not be externalized and will be a plus to us” , He said such ventures when embarked upon will be supported.

He said mining remains Zambia’s comparative advantage in terms of its Economic Tragectory and we need to ensure that this resource is vested in the hands of Zambian Nationals using Legally Approved means not illegal means.

Hon Musukwa further said the Processes of License acquisition are streamlined, Open and Transparent and that Youths are encouraged to participate in Mining however only through Legal exploitation the mineral resources as this will lead to job creation, Empowerment and a significant contribution to the National Treasury.

Meanwhile, the Kalumbila Cooperative Society Chairman General, Mr Kennedy Mambwe has disclosed that the Cooperative will empower Students, Civil servants, Musicians and every Zambian.And Mr Mambwe has stated that women will be able to able to participate in mining through buying of Shares.

Mr Mambwe has disclosed that H.E the President of the Republic of Zambia has agreed to giving a mine to the musicians, civil servants and Students . He has further stated that disbursement of forms is starting this week around the Civil service so that civil servants can come on board to buy shares.

6 COMMENTS

  1. If it was easy like they way the minister seems to make it, the youths would have invested heavily in the mining sector. But things are so flawed in Zambia that even an easy process becomes marred in corruption. Just recent the youth applied for census jobs and many were hired only on paper while only a select few were chosen. Can you provide a guideline instead of just saying apply for shares

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  2. Hahahahaa, this is laughable !!! How is owning shares in that cooperative going to reduce un employment? These knee jerk reactions won’t work boss . What happened to CEEC empowerment fund ? You think that cooperative of yours is not part of the failing economy in Zambia? Clearly you still don’t understand the root cause of youth unemployment in Zambia bwana Minister .

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  3. Only the wise youth will look into this. The remaining minority of Youth will instead continue so called Facebook protests hahaha ati revolution. It is all a joke. I can’t! Hahaha

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  4. This quack of a minister where are yge youths going to get tge money to invest in mines?

    Talking is cheap! Useless minister.

    PF must go!

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  5. Just making noise like Kaizer! It’s too late for PF they had plenty of opportunities to govern but they were and still stealing from the poor people. What shares is he talking about? 2021 PF is dead.

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