FQM Partners with Zambia Association of Manufacturers to Bolster Local Procurement and Capacity Building
First Quantum Minerals Ltd (FQM) has reaffirmed its commitment to bolstering local economic development through robust procurement strategies and supplier capacity building initiatives.
The company’s dedication was highlighted during a recent visit to its Trident project by senior representatives of the Zambia Association of Manufacturers (ZAM), including the ZAM President, Board Members, and CEO.
In alignment with the Zambian government’s agenda to support local businesses and communities, FQM is placing a strong emphasis on local procurement efforts and actively engaging with indigenous suppliers.
Jed Goldstein, FQM’s Lead of Infrastructure Development, emphasized the importance of local procurement, stating, “We believe that local procurement is essential for the sustainable development of Zambia.”
During the visit, discussions revolved around collaborative efforts aimed at enhancing the capacity of local suppliers to meet the standards and requirements of FQM’s operations.
Through training programs, mentorship, and strategic partnerships, FQM is empowering local suppliers to enhance their capabilities, competitiveness, and sustainability.
Muntanga Lindunda, CEO of ZAM, expressed optimism about the collaboration opportunities, stating, “It’s evident that FQM shares ZAM’s goal of developing local suppliers and propelling Zambia’s manufacturing forward.”
Mr. Goldstein also shed light on the economic potential of the Kalumbila Multi-Facility Economic Zone (MFEZ), emphasizing FQM’s commitment to supporting and promoting local businesses within the zone.
He highlighted the opportunities available within the MFEZ, stressing its role in driving economic diversification and industrialization in the region.
ZAM President, Ashu Sagar, echoed Mr. Goldstein’s sentiments regarding the economic prospects of Kalumbila, stating, “After touring the Kalumbila Multi-Function Economic Zone, I am convinced that it represents a significant opportunity for the future of manufacturing in Zambia.”
FQM has invested over US$110 million in the planning and development of Kalumbila Town through the Kalumbila Town Development Corporation. Leveraging the resources and infrastructure of the MFEZ, FQM aims to facilitate the growth and expansion of local industries, driving economic diversification and industrialization in the region.
FQM’s local procurement strategy aligns with the Zambian government’s Industrialization and Job Creation Strategy, with over 70 percent of its procurement spend going to Zambian suppliers. The company remains steadfast in its commitment to creating value for all stakeholders and contributing to the long-term socio-economic development of Zambia.
