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Zambia
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March 14, 2017

African CEOs to meet in Geneva to discuss investment in Africa

Africa CEO Forum will look at revitalising investment flows into the continent and comes at a time when commodity prices are showing signs of recovery

About 20 South African CEOs are expected to attend the Africa CEO Forum, which, is taking place in Geneva, Switzerland, later in March.

The fifth edition of the forum is due to focus on international investments in Africa. It is running from March 20–21.

The forum will look at revitalising investment flows into Africa and comes when commodity prices are showing signs of recovery.

The forum is expected to host 1,000 key decision makers in industry, finance and politics from across the globe.

Some of [...]

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March 13, 2017

Tazara railway needs $200m upgrade

The scale of the investment required to rehabilitate the Tanzania-Zambia Railway (Tazara) has become clear.

New managing director Bruno Ching’andu has calculated how much money will be required to stabilise the operating company, aside from efforts to upgrade the line. It has debts of $700m and needs another $200m for new rolling stock and track improvements.

Tazara was built in the 1970s by the Chinese government, with Chinese finance and workers. It was developed to give Zambia a means of exporting its copper, via the Port of Dar es Salaam, without moving it through Apartheid-era South Africa. It still carries Zambian copper but a lack of investment over many years [...]

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January 27, 2017

ZAMBIA LAUNCHES FUND TO BOOST NON-TRADITIONAL EXPORTS

ZamZambia has launched a fund aimed at unlocking the potential of non-traditional exports

The Zambia Export Development Fund (ZE-DEF), to run from 2017 to 2021, is being financed by the European Union (EU) at a cost of 7.6 million Zambian Kwacha (about 760,000 U.S. dollars), the Zambia Development Agency (ZDA) has said in a statement.

The fund will provide low cost trade finance to exporters of non-traditional exports. Zambia hopes to see stronger performance in non-traditional exports such as cotton, sugar and coffee.

The fund will also help increase the volume and value of non-traditional exports to the regional and international markets and boost earnings to 10 [...]

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January 27, 2017

ZAMBIA SETS INDABA FOR $6 BILLION BATOKA GORGE

Zambia will next month hold a High Level Regional Investment Conference to mobilise resources for the Batoka Gorge Hydro Electric Power Scheme which is estimated to cost US$ 6 Billion and produce 2, 400 Mega Watts to be shared equally between Zambia and Zimbabwe

Zambia’s Finance Minister Felix Mutati has disclosed that among the speakers at the Batoka Regional Investment Conference will be The President of The African Development Bank, Dr. Akinwumi Adesina.

In May, 2016, Zambia hosted the 51st ADB Annual Meetings whose Theme was “Climate Change and Energy.”

The conference will also attract Multilateral Development Financial Institutions (DFI’s), Bilateral Cooperating [...]

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