Zambia’s Bupe Chipando Vows to Capitalize in the Gold Sector

By Abdul Rahman Bangura–

Photo Credit: Depositphotos

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Born and grew in Kabwe in the Central Province. Certainly, Bupe Chipando who’s businesses man has proposed to subsidize $10 million in the country’s gold-mining sector. Bupe Chipando wields the impression that, Zambians must be enabled to govern the mines on a large scale, asserting the country’s rich deposit of minerals was the nerve of its economy.

Exactly, Chipando is the originator and Chief Executive Officer of Alinani Precious Metals – a mining company based in East Africa which has over the years solidified itself as a significant actor in gold mining, refinery, and smelter across Africa. He affirms that a gold mine in the hands of the local people would award enterprise recoveries to build schools, hospitals, and roads in the country, insisting that if given to foreigners, profits would be sent abroad to benefit other countries.

He noted that Zambians did not desire an investor with fairly little investment obligations to be given the sole statute to run the gold mining industry, whereas these little investment responsibilities could be overseen and easily approximated by locals within Zambia with the expertise and economic strength to run the mines.

Alinani Precious Metals Ltd is a mining corporation enrolled under First Group of Companies in Kenya, Uganda and Tanzania, with First Line Capital as an investment company, First Commodity Exchange works as a market platform, while First Cargo Logistics provides transportation products under one umbrella.

“We need to talk and dialogue with the government, for we know our government is willing to listen to us. Alinani Precious Metals, as a Zambian owned company if given a chance, we are willing to pledge between $5 million to $10 million as an investment in the vast gold mining sector. We are confident that this is something we can implement. We don’t need investors to inject $2.5 million and get the largest stake in our mining sector at the expense of our very able local investors,” Chipando clarified.

He clarified that, Alinani Precious Metals had the ability to generate and distill about 300 kilograms of gold per day with the state-of-the-art equipment and machinery. He told given a chance to finance in the gold mining, the firm would establish reasonable jobs for the ever heightening jobless graduates from the University of Zambia.

“We commit to give Zambians the first priorities to the available job opportunities we will immediately create. We believe University of Zambia has produced competent manpower to run the mines and it is for this reason that we will partner with the University of Zambia to enroll graduate programmes where graduates can learn from our activities in the mines,” Chipando stated.

“Besides providing jobs to the unemployed Zambian graduates, we pledge to enroll vibrant community social responsibility programmes which will be mandated to give back to the community by participating in the developmental activities of the area. We pledge to build hospitals, schools, roads, sports facilities and other developmental activities.”

Chipando said it was high time that Zambians were given the opportunity and platform to own, operate and run the vast mining industry for the benefit of the local people.

He said Zambia’s rich mineral resources were the country’s birthright which ought to be managed by its people. “We like the investors and we appreciate them but we want this issue of exploitation of the Zambian mineral resources to be exhaustively addressed. We want to demonstrate to the country and the world at large that as Zambians, we are able to control our own minerals and metals. We want to prove that we have the expertise and manpower to control our own mining industry which will consequently have great economic and social benefits to the Zambians as it is no secret that mining forms the backbone of the Zambian economy,” Chipando said.

“We don’t want people to come from the rest of the world only to pay a few millions here and there and later take away all the billions they make in profits and invest in their own countries, a trend which has been seen to gain momentum here in Zambia. We want the metals and minerals we have in Zambia to benefit each and every Zambian because, you know that is our birthright. It is our birthright to fully enjoy the benefits that are attached to the mining industry in Zambia. Now that we have discovered gold, it is important that a clear strategy is developed so that we fully benefit from this new discovery. All in all, we should be able to utilize all the mineral resources available for the benefit of the Zambians.”

He explained given an opportunity, his enormous knowledge in the gold mining industry as well as his obligation to subsidize $10 million dollars would have a tremendous influence to the entire country.

“We understand the work involved and acknowledge that we have an enormous task ahead of us but with the capital and the great experience at our disposal, together with the government support we will most certainly achieve what we set ourselves to achiev, ,” elucidated d Chipando.