Zambia Ranks 3rd in Africa for Mining Investment as Improved Policy Framework Boosts Global Ranking

LUSAKA – Zambia has cemented its position as a leading destination for mining investment on the African continent, securing the 3rd spot in the prestigious 2025 Fraser Institute Annual Survey of Mining Companies. This remarkable achievement also places the Southern African nation at 25th globally out of 68 jurisdictions, a significant improvement that underscores the country's concerted efforts to create a more attractive and stable investment climate for the crucial sector. The Fraser Institute, a Canadian-based independent research and educational organization, conducts an annual survey that assesses how mineral endowments and public policy factors, such as taxation and regulatory uncertainty, affect exploration investment. Zambia's ascent in these rankings is a testament to the government's proactive measures, including the reintroduction of a predictable mineral royalty tax regime and enhanced dialogue with mining stakeholders. These policy shifts have been instrumental in restoring investor confidence, which had wavered in previous years due to perceived instability and policy inconsistencies. This improved global standing is particularly vital for Zambia, where mining, predominantly copper, remains the backbone of the economy, contributing significantly to GDP, export earnings, and employment. The survey results indicate that investors now view Zambia more favorably in terms of its policy attractiveness and mineral potential, surpassing many of its regional competitors. This positive perception is crucial for attracting the substantial capital required for exploration and development of new mines, as well as for expanding existing operations, thereby creating more jobs and stimulating ancillary industries. Industry experts and government officials alike have welcomed the findings, attributing the success to a collaborative approach between the public and private sectors. The Minister of Mines and Minerals Development, in a recent statement, highlighted the