Mine Suppliers and Contractors Association of Zambia (MSCAZ) says it is ready to take advantage of opportunities arising from anticipated investments in the mining sector.
Speaking in an interview with Money News, Association President Costa Mwaba said the sector currently has over US$14 billion in investment pledges that are yet to be actualized.
Mr. Mwaba expressed confidence that some of these pledged investments will begin to materialize in 2026, creating opportunities for local mine suppliers and contractors.
“We expect that some of these investment pledges will be actualized in 2026, and as local mine suppliers and contractors, we are ready to take advantage of the opportunities that will come with that,” Mr. Mwamba added.
He noted that with 2026 being an election year, increased activity is expected across various sectors of the economy, as the government continues to strengthen investor confidence.
Mr. Mwaba added that the outlook for the sector in 2026 is positive, particularly for local suppliers and contractors who stand to benefit from the Local Content Statutory Instrument (SI) No. 68 of 2025.
“2026 looks like a good year for the sector, and local mine suppliers and contractors will benefit from the Local Content SI No. 68 of 2025, which mandates that at least 20 percent of business must be given to local companies,” he said.
He further explained that the Statutory Instrument prioritizes local participation in key areas of the mining value chain.
Mr. Mwaba said the Association has already positioned its members to be ready for the anticipated growth in the sector.
