Business

Copperbelt mining expo opens today

NKWETO MFULA, Kitwe
COPPEEBELT Mining Trade Expo and Conference (CBM-TEC) which has attracted multinational mining companies and home-grown small and medium-scale entrepreneurs (SMEs) opens to the public here today.
The two-day event is expected to be jointly graced by Minister of Mines, Energy and Water Development Christopher Yaluma and Minister of Commerce, Trade and Industry Margaret Mwanakatwe.
CBM-TEC event director Nicole Smith said in an interview in Kitwe yesterday that the event has been organised in conjunction with the Zambia Association of Manufacturers.
“We want to reach out not only to multinational companies but, home-grown SMEs in Zambia,” Ms Smith said.
CBM-TEC brings a full indoor and outdoor expo and conference, servicing the needs of the entire mining value chain.
“During the expo, we will have conference sessions for suppliers on to educate them on how they can be incorporated with the multinational companies,” she said.
On the participation fees for exhibiting, Ms Smith said the rate being charged for stands are according to the level of the participants.
“We have special rates for the local SMES which are affordable,” she said, although she could not disclose the fees.
Lusaka-based trade expert Sajeev Nair said in a separate interview that there was a duplication of expos for the mining industry in Zambia.
Mr Nair cited the Mining and Agriculture show which takes place in Kitwe as one of the events that also attracts the participants from the mining industry.
Mr Nair said the cost for participants was too high and was discouraging most local firms.
“The cost [of stands] is being quoted in United States dollars, which is too expensive for the local SMEs,” he said.






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