By BUUMBA CHIMBULUZAMBIAN suppliers must tap into the over US$4 billion mining value chains where the industry procures goods and services.Suppliers should take note and tap into the mining value chains as mines procure goods and services in excess of US$4 billion per annum, says Shebo Nalishebo, Economic Statistician and Fiscal Analyst.Mr Nalishebo indicated that until the second quarter of 2020, the Zambian mining industry played second fiddle to the wholesale and retail trade in terms of its contribution to Gross Domestic Product (GDP).He said in his write up on “Beneath the numbers” that mining had reclaimed its top position and was now the largest contributor to GDP.“Not only did the mining and quarrying industry surpass Wholesale and Retail Trade in terms of value-added contribution, but by the fourth quarter when trading continued heading south, mining increased its share to nearly a quarter of GDP,” Mr Nalishebo said.On the booming copper prices, Mr Nalishebo stressed […]
TAP INTO MINING VALUE CHAIN, SUPPLIERS URGED
