President Hakainde Hichilema has announced that the Kasenseli gold mine in Mwinilunga will be reopened this month, with local people as shareholders.
The Kasenseli gold mine was previously operated by ZCCM-IH, a state-owned mining company, but was closed down in 2014 due to operational challenges.
The decision to reopen the mine is expected to create jobs and generate revenue for the local community and contribute to the overall development of the country.
During the Youth Indaba, President Hichilema announced that local people will be given the opportunity to become shareholders in the enterprise.
This move is in line with the President’s commitment to empower Zambians and promote local participation in the country’s economy.
The involvement of local people as shareholders in the mine will not only give them a stake in the enterprise but will also ensure that they benefit directly from the mine’s operations. The government has also stated that it will provide support to the community to ensure that they are able to fully benefit from the reopening of the mine.
President Hichilema’s administration has emphasized the importance of creating a more inclusive and equitable economy in Zambia, and the reopening of the Kasenseli gold mine with local people as shareholders is an important step in that direction.
The move is expected to have a positive impact on the local community, as well as contribute to the overall growth and development of the country.