Government and the Rockerfella Foundation have announced the launch of mini electricity grids in various parts of the Country. Speaking this afternoon on the sidelines of the COP28 in Dubai, Foundation President Rajiv Shah said the foundation will commence the project with 1400 mini grids and a long term plan of expansion. Speaking at the same event, President Hakainde Hichilema said the mini grids will boost the growth of sectors such as agriculture, energy and rural development. Read more: ZNBC
The World Bank says it will increase funding for the country’s agricultural sector under the Zambia Agribusiness and Trade Project (ZATP) 2 project. World Bank Country Manager Achim Fock has disclosed that the funding will be increased from US$40 million to $170 million. Mr. Fock says the facility will come with a line of credit for Small and Medium enterprise and small scale farmers. He says Zambia’s agriculture is impressive and has the potential to increase exports if well funded. Mr. Fock was speaking when he toured Globe Span Investment Limited farms in Chibombo district today. Read more: ZNBC
In a significant stride towards advancing Zambia’s role in sustainable development and global environmental initiatives, President Hakainde Hichilema engaged in a constructive discussion with the United Nations Development Program’s (UNDP) Assistant Secretary-General and Regional Bureau for Africa Director, Ahunna Eziakonwa. During the meeting, the President and Ms. Eziakonwa explored potential UNDP support for Zambia in hosting a regional technology hub and implementing a carbon market strategy framework. These endeavors aim to empower Zambia to actively participate in carbon credit markets, contributing to global efforts in climate change mitigation. “We are optimistic about this outcome,” expressed President Hichilema, underscoring the potential impact of collaboration with UNDP in enhancing Zambia’s capabilities in technology and sustainable environmental practices. In a separate engagement, President Hichilema joined other African leaders at the Africa Green Industrialization event, convened by President Ruto of Kenya. The forum focused on the importance of leveraging Africa’s wealth of critical minerals for industrial applications and the trans. Read more: Lusaka Times
President Hakainde Hichilema, representing Zambia at the 28th Conference of the Parties (COP28) in Dubai, took advantage of the international platform to engage with leaders from diverse sectors. Among the distinguished visitors to the Zambian Pavilion was His Excellency Tony Blair, the former Prime Minister of the United Kingdom and founder of the Tony Blair Institute for Global Change. During the bilateral discussions at the Zambian Pavilion, President Hichilema and Mr. Blair exchanged views on various matters of global significance. The meeting provided an invaluable opportunity to discuss shared challenges and explore potential collaborative efforts between Zambia and the Tony Blair Institute for Global Change. Read more: Lusaka Times
Finance and National Planning Minister, Situmbeko Musokotwane, is concerned with persistent development issues such as poverty which has remained high in Zambia. Musokotwane noted that poverty and inequality, for instance, had remained high as revealed in the latest living conditions monitoring survey. These issues, he emphasised at the Fourth National Development Coordinating Committee (NDCC) Meeting in Lusaka on Friday, needed to be urgently addressed. He acknowledged that though government’s development efforts were already bearing fruit, there were still some persistent issues that needed to be tackled. He said this in a speech read on his behalf by Patrick Kangwa, Secretary to the Cabinet. Read more: Zambia Monitor
Three firms have signed a Power Purchase Agreement (PPA) at this year’s COP 28 in Dubai for the Ilute Solar PV Project based in Zambia. The three firms are Africa Greenco Group, Serengeti Energy and Western Solar Power, according to a statement issued on Saturday. Ilute Solar had been developed by Western Solar Power, a Zambian Renewable Energy Developer, and Serengeti Energy, an African Renewable Energy IPP owned by KfW, STOA, Proparco, Norfund, Swedfund and NDF. Leveraging the competitive markets of the Southern African Power Pool (SAPP), the project adopted an innovative private sector and market based approach to mitigate customer default risk. Read more: Zambia Monitor |
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