Zambia’s Energy Sector Attractive to Private Investors – Finance Minister

Finance Minister, Dr Situmbeko Musokotwane, has described the country’s energy sector as being attractive for private investment as a result of the ready regional industrial market.

The announcement came at the 58th Annual Meetings of the African Development Bank (AfDB) in Sharm El Sheikh, Egypt.

The event also saw the Zambian delegation in an engagement with Kevin Kariuki, VP for Energy, Climate, and Green Growth at the AfDB.

The minister said, “We discussed energy sector investments and prospects for renewable energy projects. It is gratifying that we have convergent views on Zambia’s energy sector being an attractive proposition for private investment due to the ready regional industrial market.

“We look forward to the Bank playing a more substantive role in regional infrastructure projects, especially in infrastructure development”.

The AfDB has deep roots in Zambia: since 1971 it has committed more than US$1 billion in support of infrastructure, water and sanitation, energy, health, education, transport, and private sector development.

While at the event in Sharm El Sheikh, Dr Musokotwane and his delegation have also met with the Director-General in charge of African affairs at Germany’s Federal Ministry of Economic Cooperation and Development, Birgit Picke.

Picke stressed Germany’s commitment to “continue working with Zambia and helping the country to revive and sustain a robust economy”.

The annual meetings of the AfDB began on Wednesday and end today.

Photo: Lusaka Times