• Home
  • Business
  • ZEMA approves 25 investment projects valued over US$66 million
Business Commodities Editor's Picks Local News

ZEMA approves 25 investment projects valued over US$66 million

• A total of Thirty Environmental Impact Assessment (EIA) reports were considered from various developers and sectors across the country
• Out of the 30 projects considered, 25 projects were approved and 5 were deferred.
• consideration of the projects was done in accordance with the Environmental Management Act

Zambia Environmental Management Agency (ZEMA) has approved 25 projects with an estimated investment cost of US$ 66,052,786.
ZEMA Acting Manager- Corporate Affairs Mercy Zulu told Money FM News that a total of Thirty Environmental Impact Assessment (EIA) reports were considered from various developers and sectors across the country at the second extraordinary meeting of the Board.
Ms. Zulu revealed that out of the 30 projects considered, 25 projects were approved and 5 were deferred.
She explained that consideration of the projects was done in accordance with the Environmental Management Act Number 12 of 2011 and the Environmental Impact Assessment Regulations, Statutory Instrument Number 28 of 1997.
Ms. Zulu said once these projects are actualized, they will contribute to the Zambian economy.
“The projects approved by the Agency have an estimated investment cost of USD 66,052,786. Once these projects are actualized, it is envisaged that they will contribute to the Zambian economy,” she said.
Ms. Zulu added that all projects are approved subject to specific conditions issued by ZEMA and are subject to amendment from time to time.
“ZEMA’s approval of a project decision can be withdrawn where a developer fails to comply with laid down conditions and commitments,” she said.

Related posts

CEJ urges government to discourage flood irrigation in sugar plantations

Money FM

Inflation minimally decreases to 22.7 %

Money FM

Money FM signs an MOU with Association of Chartered Certified Accountants

Money FM

Leave a Comment