19.2 C
Lusaka
Thursday, November 21, 2024
spot_img
HomeBusinessZambian company to invest Sh1 billion in Kenya’s gold industry

Zambian company to invest Sh1 billion in Kenya’s gold industry

Alinani Precious Metals (APM) has announced plans to build a Sh1 billion gold processing plant in Nairobi, Kenya.
APM said that construction of the gold processing plant will start in early September, and their target is small scale miners.

Bupe Chipando, Chief Executive Officer of APM, has overtime ensured that they (APM) are solidified as prominent players in the gold mining and refinery industry across Africa.
Chipando believes that when gold mines are allowed to be in the hands of the locals it brings empowerment to the community, while foreigners exploit the nation and take the money made abroad.
He noted that artisanal mining is very successful in several counties and will benefit the Kenyan people.
“Alinani Precious Metals will have the capacity to generate and distill approximately 300 kg of gold per day with state-of-the-art equipment and machinery,” said Chipando.
Chipando ensures that the members involved will receive training, financing, access to advanced equipment and technical support.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular