Chi-Africa Mining Company to Invest $5 Million in Zambia’s Kalulushi District
The Chi-Africa Mining Company has announced plans to invest over $5 million (approximately K131 million) in mining, agriculture, and solar energy projects in the Kalulushi District of Copperbelt Province, Zambia.
This announcement follows President Hakainde Hichilema’s successful participation in the Forum for China-Africa Cooperation in Beijing, where he secured a $1 billion upgrade for the Tazara railway line and agreements to enhance power generation at ZESCO.
Copperbelt Minister Elisha Matambo praised Chi-Africa’s investment during a meeting with the company’s representatives.
“His Excellency Hakainde Hichilema is focused and very hardworking,” he stated. “He aims to restore the country’s economic standing and has promised the people of Zambia that upon taking office, he would create an environment conducive to investment—and that is exactly what he has done.”
Chi-Africa’s Director of Public Affairs and Resources Integration, Yake Wang, expressed that Zambia’s stable and transparent governance was a significant factor in the Chinese firm’s decision to invest.
Among the projects that have piqued Chi-Africa’s interest are supplying materials for the Musakashi Tailings Dam and establishing a new solar power plant in the region, alongside investments in mining and agriculture.
