Authorities in Mushindamo have called on various investors to explore the investment potential in various sectors in the area.
Presenting the Integrated Development Plan IDP for the district during the opening of a two day mini expo and IDP indaba in Solwezi, Mushindamo Town Council Director of Works Libombela Mulala disclosed that the district has a lot of potential to grow economically as the district is endowed with a lot of natural resources.
Mr. Mulala said almost all sectors are untapped hence the need for investors to invest in areas such as mining, agriculture, livestock, tourism, hospitality, aquaculture among other sectors.
He said in terms of goods and services, the district depends on Solwezi and Chingola on the Copperbelt.
“Investors are welcome to invest in various sectors so that the economy of the district is harnessed, “said Mr. Mulala.
He disclosed that the district has minerals such as copper, cobalt, emerald, silica and gold in Luabono, Mapunga, Katuba, and Jantele areas.
“And currently, its only emerald which is being mined in Musakashi area of Mapunga, “he said.
And Mr. Mulala revealed that the district has identified three projects as priorities to be considered for implementation in 2022 under the IDP.
He said the project include the construction of skills training center, construction of offices and housing units as well as the rehabilitation of the Shafilundu Kilumba road.
He said a project proposal for the skills training center estimated at just over K14 Million has been undertaken, with the bulk of the cost being sort after from donors while about 6% about K876 Thousand will be generated by the district.
And North Western Chamber of Commerce and Industry President Mukumbi Kafuta is hopeful that the hosting of the mini expo will stimulate business to business activities, bridge the gaps that hinder trade, and create a platform for increased business and transformation of the national economy.
He said critical to the success of the event is the aspect of getting an understanding of the Integrated Development Plans with the view of fostering partnerships and understanding the development agenda of each district in the region.