Zambia to double mining contribution to GDP
Zambia aims to
double the contribution of mining to gross domestic product by 2015 by
attracting greater investment in the sector, the president of the
southern African nation said on Thursday.
Rupiah Banda said
in a statement that Zambia, Africa’s top producer of copper, aims to
have mining contribute 20 percent of GDP by 2015. That compares with an
11 percent contribution from mining to GDP now, according to ministry
of mines data.
Mr. Banda said he would ensure stability in the mining industry in order for the country to continue to attract investment.
“The vision of my
government is to have (the) mining industry contributing more than 20
percent to the Gross Domestic Product…in the next five years,” he
said.
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