By MOFFAT CHAZINGWA and MILDRED KATONGO –
GOVERNMENT has called for partnership with the private sector in the development of the Zambia’s industrial base to ensure sustainable growth of the economy.

Yaluma

Mines, Energy and Water Development Minister Christopher Yaluma said it should be appreciated that the industry cannot develop without the collaboration of Government with the private sector or investors.
Mr Yaluma said the private sector will always be a key partner for Government in the development of the nation.
He said this in a speech read for him by his deputy Charles Zulu at this year’s 58th Copperbelt Mining, Agriculture and Commercial Show (CMACS) luncheon hosted by Mopani Copper Mines (MCM) at the Jubilee Lodge in Kitwe after a tour of stands.
Mr Yaluma emphasised the need for Government and the private sector to build trust in each other for the two to work together.
Government on its part is committed to providing a conducive environment for the private sector to grow and continue to play its role in the development of the country.
“As Government, we believe this will be achieved by providing excellent opportunities for investment on one hand and ensuring a conducive environment on the other,” Mr Yaluma said.
To achieve this, Mr Yaluma said, Government is focusing on ensuring a stable policy and regulatory environment.
He said the frequent policy changes the country has experienced over the past few years though undesirable, are an indication of the need for transparency and accountability in the mining sector.
Mr Yaluma urged the mining houses to support the development of the manufacturing industry in the country because this will, apart from helping create employment, also reduce production costs.
The minister, who expressed happiness with this year’s show theme ‘Maximise Development to Sustain a Strong Economy’, said the nation cannot desire to build and sustain a strong economy without maximising development of the mining industry.
MCM chief executive officer John Johansen emphasised the need for mines not to relent in investing in mining operations because this is critical for enhancement of efficiency.
Mr Johansen, who regretted the low copper prices that have presented mining houses with challenges, however said there is need to make the best out of the challenges.
Copperbelt Show Society chairperson Bill Osborne was optimistic that this year’s show will turn out a success despite the economic challenges such as the slump in the copper prices.
President Edgar Lungu is expected in Kitwe today to tour stands and officially open the show.