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GOVERNMENT has cancelled the mining licence for Mwembeshi Resources Limited for its proposed large-scale mining project in the Lower Zambezi National Park.
Mwembeshi Resources Limited’s decision to mine in the national park caused uproar among environmental conservationists, who were worried about the extensive damage the mining operations could cause to the environment and wildlife.
Last year, Zambia Environmental Management Agency (ZEMA) cancelled the permission it had granted the mining company to begin mining operations in the national park, citing violation of a number of environmental conditions.
However, on Monday, the Ministry of Mines and Minerals Development, through its Cadastre Department, cancelled mining and non-mining rights for more than 2,600 companies, among them Mwembeshi Resources Limited.
Join me in exploring Zambia's AfCFTA strategy to catalyze gender inclusion and youth empowerment. The strategy emphasizes empowering women and youth through gender-sensitive trade measures, finance access, and sectoral support. It's one of the few strategies drafted by SADC Secretariat Member States. Zambia must now align this with the Protocol on Women and Youth protocol to ensure that the protocol is operationalised. Let's collaborate for inclusive trade opportunities for women and youth under AfCFTA
REIZ Plc completes US$65mn acquisition of Zambia malls
Real Estate Investments Zambia (REIZ) Plc, the sole real estate company listed on the Lusaka Securities Exchange (LuSE), has announced the acquisition of three shopping malls for a sum total of US$65mn. The deal is part of a corporate restructure which aims to create Zambia's first real estate investment trust (REIT).
Welcome to the Zambia Country Space on JamiiTrade, where you can connect with fellow entrepreneurs or companies from across Africa who are interested in doing business with Zambian entrepreneurs.
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