Acacia Mining will be adding more job opportunities for the people in Tanzania and some good business deals for local suppliers with its plans of relocating the core business functions to the country by mid next year.
In a released statement company revealed about plans of relocating supply chain, sales and payroll, mainly based in Dar es Salaam or in the Lake Zone where the business makes sense.
The gold mining firm added, “Under the next phase of the transition plan the remaining areas of Supply Chain and Sales functions, as well as the vast majority of Payroll functions, will relocate to Tanzania by the middle of 2019.”
According to the statement the new move is part of their long-term strategy to have their Tanzanian assets operated by local employees and this is the reason earlier in February Asa Mwaipopo was appointed as Managing Director to oversee operations in the country and sixteen managers were placed at site level.
The Acacia Group revealed in past five years they have slashed down international workforce by 85 percent in the country and the new move will result in more positive way in further reduction.
Adding further, the statement mentioned there are more strategies within the Supply Chain function to increase further its annual spend with Tanzanian-owned businesses in next six months time period.
Acacia reconfirmed they maintains a a policy of sourcing local first which is subject to viability and has plans to grow annual spend with Tanzanian suppliers.
The company said, “Based on our current plans, we expect that by Q1 2019 we will achieve a further 10 per cent increase in our total annual spend with suppliers that are Tanzanian-owned.”
