Government is inviting experienced international investors to partner with reputable Zambian investors to develop the projects.
In responding to this invite, investors are encouraged to submit both solicited and unsolicited proposals through a dedicated PPP Unit established in State House to expedite decision-making.
Marketing the projects
According to a press release, a Zambian government delegation led by permanent secretary at State House, Christah Kalulu, and acting director of the PPP Unit, Keeta Shisholeka, was in London last week to market the projects and meet with prospective investors.
Speaking at the inaugural Financing African Infrastructure conference, Kalulu highlighted Zambia’s track record of peace and stability, adherence to the rule of law and explained key regulatory provisions shaping the operating environment.
“Zambia is open to investment and ready to do business with international investors. With inflation lowering to 6.5% and one of the world’s best performing currencies in 2016, Zambia’s land-linked economy offers a diverse range of compelling opportunities for investors seeking access to a market of over 250 million consumers in Southern Africa,’’ Kalulu said.
Zambian investors boosting economic growth
With core sectors such as agriculture driving projected economic growth levels of 3.9% in 2017, Zambia’s goal is to enhance productivity through targeted transport and energy projects in order to boost domestic and regional trade, create jobs and enhance development impact for citizens, the release noted.
The energy projects include the development of the 2,400MW Batoka Gorge.
Infrastructure for the dam wall is estimated to cost approximately $10 billion with power stations on both the Zimbabwe and Zambia sides of the Zambezi River. Read more…
The Zambian power station and accompanying infrastructure will be procured as a PPP and has completed the feasibility stage, the statement said.
Commenting on the development, Shisholeka said: “We have been delighted with investors’ reactions to our proposed plans so we are confident the pipeline is bankable and will deliver tangible benefits to Zambians.”
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