Social Anthropologist Dr. James Musonda has urged the Zambian government to tread carefully when dealing with foreign investors in the mining sector.
Dr. Musonda tells Phoenix News that with Zambia’s critical minerals in high demand globally, foreign investors are eager to capitalize on this opportunity, but may use shady tactics to maximize profits.
He says these tactics include arm-twisting the government into offering incentives, selling parts of their companies to defraud the country of its minerals, weakening unions, and circumventing labor laws among other legislation.
The social anthropologist believes multinationals are interested in continuing to exploit the country as a source of cheap raw materials while being forced to import expensive finished products.
Dr. Musonda who has done research on the mining industry in Zambia and other African countries has advised that the Zambian government prioritizes transparency, accountability, and fairness in all dealings with foreign investors.
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