Today marked a significant milestone as Zanaco and First Quantum Minerals (FQM) signed a Memorandum of Understanding (MoU) under the Local Content Financing Initiative. The partnership reflects a shared commitment to advancing Zambia’s local content agenda by improving access to tailored financing for local suppliers and contractors, enabling greater participation in the mining value chain and driving sustainable economic growth.
The MoU was signed by Zanaco Chief Executive Officer, Dr Mukwandi Chibesakunda H.C. and First Quantum Minerals General Manager, Mr Anthony Mukutuma, reaffirming the two institutions’ commitment to empowering indigenous businesses. By combining
FQM’s supplier development initiatives with Zanaco’s comprehensive financial solutions, the partnership will strengthen local enterprises, create employment opportunities and ensure more Zambians benefit from the country’s mineral wealth.
Together, we are financing local growth and building a more prosperous Zambia.
