Introduction
Now Imports and Exports Zambia Limited (hereafter referred to as NIEZ) is an existing business, incorporated on 19 November 2020 holding both local and foreign shareholdings. The company is involved in mining and in the trade of various products and commodities mainly gold, copper, cobalt, lead ore, zinc ore, tin ore, beryllium ore, lithium ore and other precious and base metals. The company also trades in agro-processed and agriculture products such as colza crude oil, sunflower oil (refined and crude), sunflower seeds, sesame seeds, soybean crude and refined oil, soybeans, raw coffee beans and raw chilli. Further, NIEZ is also a fully licensed importer, distributor and exporter of petroleum products such as fuel (Diesel, Petrol, Gas, Jet Fuel and Heavy Fuel Oils). Now Import and Export have a global client base, investors, stakeholders, partners and associates which stems from the company’s strong ability to execute projects on a turnkey level providing a holistic solution to problems and achieve the successful objective of projects.
On the mineral trading segment all metals are purchased under long-term agreements with local suppliers (off-taken and joint venture agreements) to ensure that these local companies grow their business, expand and create more sustainable jobs. In the first year the company’s main focus was trading and subsequently investing in the local mines and processing plants, to ensure their development and to support the local economy. NIEZ has therefore incorporated a local (Zambian) shareholder as a gesture of empowering locals and its long-term commitment to the Country.
NIEZ has also committed $20mill investment as per approved Investment License with ZDA (Zambia Development Agency), with the aim to establish our own mining and processing operations. This includes a copper concentrate processing plant and installing equipment to process gold ore into semi-refined gold nuggets and bars. The establishment of both Zinc and Cobalt processing plants form part of our medium to long-term objectives. To solidify our relationship and investment strategy NIEZ has also entered into a Investment Promotion Protection Agreement (IPPA) with the government of Zambia which provides both certainty to the government of out investment and comfort to our investors.