The Zambia Development Agency ( ZDA) says Zambia is desparate for investment in the Energy sector in a bid to address the power deficit.
ZDA Investment Manager Jessica Chombo said Zambia is particularly inviting investors to investor in renewable energy.
Mrs. Chombo was speaking in Malta yesterday during a Luncheon that looked at Investment Opportunities in Zambia.
She also cited the Investment opportunities in real estate as Zambia has about two million housing unit deficit.
Mrs. Chombo added that the creation of new districts has further opened up opportunities for investment in Real Estate.
She said government is also promoting investment in timber plantations with over fifty thousand hectors of land reserved for such investment.
Mrs. Chombo further wooed investors into grain storage facilities, as Zambia does not have enough grain storage facilities hence the need for investment with at least forty-eight thousand grain storage capacity.
On agriculture, She cited opportunities to invest in the farm blocks as government has designated land of about a hundred thousand hectors in each of the Ten provinces and is looking for investors to develop the farm blocks.
Mrs Chombo said Investment opportunities in rails to establish two thousand five hundred kilometer railway line is also up for grabs.
And In tourism , she said that they are opportunities to establish international conference centres and hotels with a bed capacity of at least 250 bed capacity in Zambia.
Easier said than done….
Keep beating that drum ZDA, you are the guys that can contribute to real development not mere talking by politicians.
Am a regular visitor to Lusaka, Zambia and I have personally experienced the endless power load shedding. However am in contact with a number of investors that are interested in accessing information on the existing sites that need development for hydro power. Others are interested in hydro, thermal, wind and steam energy but we have so far failed to access information on the investment gaps in the gaps in your energy sector.
I promise that if I can get access to that information, quite a number of investors would be willing to write their letters of expression of interest as independent power producers (IPPs) in Zambia as long they can secure Power Purchase Agreements (PPAs) with the government of Zambia.
Baryareeba Charles please send us your email address so that we can share information. You can also send an email to ZDA: [email protected]