Zambia Must Diversify Mining Exports to Remain Resilient Against External Shocks

A Financial Analyst has emphasized the need for the country to diversify mining exports in order to remain resilient against external economic shocks.

Trevor Hambayi tells Money FM News in an interview that the country’s production target of three million metric tonnes of copper by 2030 must consist of 1.5 million of the metal and the rest should be a mixture of other minerals.

Mr. Hambayi also believes that in order for Zambia to attain the 3 million metric tonnes target, government needs to have great ownership of the mining companies in the country.

He notes that this move will help the country secure the earnings from mineral exports and enhance economic development.

Mr. Hambayi further says government should also create resilience in the agriculture sector to avoid depending on the mining sector for the country’s economic stability.