• Zambia is revising the business sustainability conditions for the energy sector.
• Investors should collaborate with local entrepreneurs to mobilise the capital required for development of money-making hydro-energy.
• This is in order to develop the country, create jobs for the youth, and build wealth for citizens and investors, alike.
Minister of Finance and National Planning says Zambia is revising the business sustainability conditions for the energy sector, to ensure commercial viability and facilitate accelerated investments in the sector.
According to a statement issued by Ministry of Finance, Dr. Situmbeko Musokotwane has since urged investors at the ongoing World Economic Forum (WEF) Annual Meeting in Davos, Switzerland to partner with Zambians and invest in sustainable energy sources, mining, tourism, and agriculture development.
Dr. Musokotwane said this is in order to develop the country, create jobs for the youth, and build wealth for citizens and investors, alike
He affirmed Zambia’s abundant natural resources and appealed to the investors to collaborate with local entrepreneurs to mobilise the capital required for development of money-making hydro-energy, renewable energy, tourism, mining, and agriculture ventures that support out-grower schemes.
Dr. Musokotwane told the investors that deal with the power supply emergency that has befallen the country, that “President Hakainde Hichilema has appointed an expert group to ensure that the country’s emergency needs are relieved and a long-term power sustainability strategy implemented through public-private-partnerships.”
The Finance Minister further invited interested parties to submit public-private-partnership proposals focused on building power generation establishments, especially in the country’s northern region where rains are concentrated and above the annual average recorded by any other region of Zambia.
