Zambia Ranks as Africa’s Third Best Mining Investment Destination
Zambia has been ranked the third best mining investment destination in Africa, according to the latest Fraser Institute Annual Survey of Global Mining Investors. This marks a significant improvement, as the country has moved up from 12th to third position.
The 2023 report surveyed investors’ opinions on 86 mining jurisdictions worldwide. The Zambia Chamber of Mines expressed satisfaction with the country’s progress in becoming more competitive for mining investment.
Chamber President Godwin Beene highlighted the importance of the next step: reforming the overall mining regulatory framework to align with global best practices.
In a statement, Dr. Beene noted that while Zambia has improved its ranking in both indices, it still lags in policy perception, ranking 6th out of 12 among Africa’s mining jurisdictions.
Dr. Beene urged the government to capitalize on the positive sentiment reflected in the Fraser report to further enhance the country’s attractiveness to mining investors.
SOURCE:znbc
