Development news

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EU-Africa Renewable Energy Campaign Secures €15.5 Billion to Power Clean Future

Johannesburg — A year-long campaign to mobilize investment in renewable energy across Africa, spearheaded by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa, has successfully secured €15.5 billion to advance clean energy generation and expand access to electricity for millions of households. The campaign, organized in collaboration with Global Citizen

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ZDA Approves USD 510 Million Oil Refinery Project in Ndola

Ndola, Copperbelt Province — The Zambia Development Agency (ZDA) has issued an Investor License to China Zambia Petrochemical Energy Company Limited, clearing the way for the construction of a state-of-the-art oil refinery in Ndola. The project, representing a committed investment of USD 510.49 million, is expected to create 454 jobs and significantly advance Zambia’s industrialization

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UNIDO–ZDA Report Highlights Zambia’s Business Climate

Lusaka, 19 November 2025 — The United Nations Industrial Development Organization (UNIDO), in partnership with the Zambia Development Agency (ZDA), has launched the Investment Monitoring and Support Services (IMSS) report titled “Zambia’s Business Climate at a Glance.” The report provides data-driven insights aimed at strengthening Zambia’s investment ecosystem. Speaking at the launch held at Southern

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China, Zambia and Tanzania Launch TAZARA Railway Revitalization Project

Lusaka — China, Zambia and Tanzania officially launched the TAZARA Railway revitalization project, a major initiative aimed at creating a prosperity belt along the railway and boosting regional economic growth. The groundbreaking ceremony, held in Lusaka, was attended by Chinese Premier Li Qiang, Zambian President Hakainde Hichilema, and Tanzanian Vice President Emmanuel Nchimbi. Li highlighted

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ERB Approves ZMW 6 Billion Investment in Zambia’s Energy Sector

Lusaka — The Energy Regulation Board (ERB) has approved ZMW 6 billion (US$266 million) in new investments aimed at strengthening Zambia’s energy sector through expanded renewable energy generation, petroleum infrastructure, and improved fuel distribution systems. In a press statement, the ERB confirmed the approval of 29 energy licences and 12 construction permits across various sub-sectors,

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ZESCO’s Renewable Energy Investments Positioned to Boost Luapula’s Economic Potential

Luapula Province, known for its agricultural potential, abundant water bodies, and mineral resources, had long been poised for growth but continued to face challenges due to insufficient energy supply. ZESCO Limited moved to address this gap through key investments, including the upcoming Mansa 50MW Solar Project. “These are pillars of national economic prosperity,” said Eng.

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