A delegation from Qatar is in the country to explore investment opportunities.
The Qatar delegation is being led by its Head of the Qatar Investment Authority for Africa, Middle East and Africa Sheikh Faisal Bin.
Speaking when the delegation called on President Hakainde Hichilema at State House, Mr. Bin said Qatar wants to explore areas of common interest with Zambia, especially in the areas of Energy, Mining, Agriculture and Hospitality.
Mr. Bin further announced that while in Zambia his team is expected to sign Investment, Promotion and Protection Agreements with the Zambia Development Agency Authority (ZDA) in some specific areas of interest.
And in response, President Hakainde Hichilema has called for an action plan to fast track the implementation of some agreements being signed.
President Hichilema assured the Qatar delegation that Zambia is endowed with various opportunities which can be considered for investment.
Later the Zambian Head of State met another delegation from Maamba Collieries who informed him that the company is in need of about 300 Million Dollars to enable it to successfully embark on the phase 2 expansion project.
And Maamba Collieries Resident Director Ashok Devineni says once the expansion is effected, the company is expected to increase its power generation by an additional 300 megawatts of power.
The meeting was also attended by Energy Minister Peter Kapala.
Just watching
Couldn’t think of anything negative to say today?
#DudeLove ulichipuba?
Mofo’s from previous governments sold Maamba collieries to Indians, and pocketed the money. I am sure they would never have done this if the collieries were in northern, luapula, muchinga or eastern provinces. They probably used the ill gained proceeds from the sale to build Kapasa Makasa University. We need to federalise this damn country
You hatred for the Northerners will never go away however much they embrace you!! Maamba coallieries was formed in 1971 by KK who most of you considered a Bemba because he grew up among the Bembas in Chinsali, Muchinga Province! It was fully privatised in 2010 when Ruphia Banda was in charge as President with Dr.Situmbeko Musokotwane as Finance Minister! The process started under Levy Mwanawasa as President with his Finance Peter Ng’andu Magande!! So, you, SHALLOW TRIBALIST, which previous governments from the north (Northern, Muchinga and Luapula)are you talking about that sold Maamba Collieries??
Interesting development. We hope this will translate into tangible benefits for our people. Ignore the troll below
I don’t remember seeing any Zambian business delegation being hosted at either State House or Community House. We don’t matter
The Qataris come with billions……
The president is looking for investors……..not job seekers
“… met another delegation from Maamba Collieries who informed him that the company is in need of about 300 Million Dollars to enable it to successfully embark on the phase 2 expansion project.”
What is with arrears with Maamba Collieries do we just pay them when its long overdue and the shut down. This company is never paid on time, this has been the case for the last decade.
Indians are taking over Zambia! Maamba like kcm, was sold for a song. We are now on the verge of becoming an Indian colony.