ZEMA Approves 116 Projects Worth $1.91 Billion to Boost Zambia’s Development
The Zambia Environmental Management Agency (ZEMA) has approved 116 projects with a total investment value of approximately $1.91 billion during its ninth sitting in September 2024. Out of 121 projects considered, this approval signifies a substantial boost for Zambia’s development across various sectors.
The mining and mineral processing sector led the way with 46 approved projects, reflecting Zambia’s ongoing focus on resource extraction and processing.
The manufacturing and processing sector followed closely with 29 approved projects, while the energy sector secured third place with 24 projects.
Other sectors, including infrastructure development and agriculture and forestry, also experienced notable growth, with 9 and 7 projects approved, respectively. However, the tourism sector fell behind, with only one project approved.
The energy sector attracted the highest investment, totaling $1.76 billion, underscoring Zambia’s urgent need for energy expansion, particularly after the recent declaration of drought as a national disaster.
The approved energy projects are expected to add a total of 675 megawatts (MW) of electricity to Zambia’s grid. This includes 300 MW from thermal power plants, 355 MW from hydroelectric sources, and 20 MW from solar installations, positioning the country for a more sustainable energy future.
In the manufacturing and processing sector, approved projects represent a total investment of $66.8 million, while the mining and mineral processing sector recorded investments of $45.5 million.
These approvals are anticipated to drive economic growth, create jobs, and promote diversification across the country’s industries.
ZEMA emphasized the need to expedite energy and water harvesting projects in light of Zambia’s ongoing challenges with drought and energy shortages.
Acting Director General Mrs. Karen Banda-Etondo underscored ZEMA’s commitment to prioritizing projects that address critical national needs.
