The Zambian Mining Fund aims to invest in small-scale mining companies in Zambia to improve productivity and employment. It will provide capital and technical expertise and plans to invest $20 million. Initial investments include a mining equipment company, an amethyst mining aggregator, and an emerald mining project. The fund seeks to improve efficiency and skills in small-scale mining areas that have remained largely untapped. It aims to generate returns for both local Zambian and international investors. Risks are mitigated through due diligence and diversifying investments across subsectors and regions.