Zambia’s Energy Reforms Attract EU Investors as President Hichilema Calls for Increased Private Sector Participation
Zambia’s Energy Sector Reforms Spark Renewed Investor Interest, Hichilema Says
President Hakainde Hichilema says the reforms his administration has introduced across key sectors are creating new investment opportunities that did not exist before, particularly within the energy industry.
He noted that policy measures such as Open Access and Net Metering have opened the power sector to greater private sector participation in both electricity generation and supply.
Speaking at State House during a meeting with Zambia’s Honorary Consuls to several European Union countries—who were accompanied by a delegation of private sector investors—President Hichilema said the government has resolved many of the obstacles that previously slowed the implementation of major projects.
He urged the Honorary Consuls to promote Zambia’s competitive advantages, including the absence of exchange controls, which in many countries limit or regulate foreign currency transactions.
Energy Minister Makozo Chikote, who was also present, said the visiting investors have expressed interest in investing in the coal sector to support electricity generation. He added that they recognize the importance of a reliable power supply for the growth of other economic sectors.
Head of Delegation Dr. Jan Traeckner noted that many of the Honorary Consuls are proud to represent Zambia abroad and are eager to help attract investment into the country’s energy sector to support long-term economic development.
Meanwhile, Zambia’s Ambassador to Germany, Winnie Chibesakunda, said the Consuls have played an active role in identifying major investment opportunities, including projects in renewable energy and advanced battery technologies.
