Fri, 16 Jun 2017 13:00:42 +0000 $12m loan scheme cheers small miners BY MAILESI BANDA THE US$12 million credit guarantee facility made available to the development minerals sector in five countries including Zambia is a sign that there is potential for growth in the sector, a sand miner has said. Abel Mwalibonsha said development minerals had not been given the much needed attention despite its potential in contributing to rural economic development. Speaking in an interview with the Daily Nation, he said the funds would help the miners acquire equipment to meet the demands of their clients. “The biggest challenge we have had has been that of equipment to produce more and meet our customers’ demands but with the funds we hope we will be able to get equipment,” he said. Mr. Mwalibosha apealed to the custodians of the funds to ensure that development mineral miners benefited. Last week the African Guarantee Fund for […]
