Friday, June 14, 2024

2.5 billion pounds UK investment in Zambian mining sector

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Zambia is set to benefit 2.5 billion pounds from the United Kingdom.

According to a statement issued by Lead Jonathan Siame at the British High Commission in Lusaka, the funds to be generated from the British private sector are to be invested in Zambia’s mining sector.

The UK will also inject five hundred million pounds government backed investments.

Additionally, the UK will mobilise one hundred and fifty million pounds that will be invested into small to medium sized enterprises.

Mr Siame said UK and Zambia firms are expected to benefit from the commercial opportunities and contribute to the growth of both economies.

“Supporting the Foreign Secretary’s drive to prioritize future-focused, mutually beneficial partnerships on his visit to Africa this week, these new targets include generating up to £2.5 billion of British private sector investment in Zambia’s mining, minerals and renewable energy sectors, delivering up to £500 million of UK Government-backed investments and mobilising up to £150 million of private sector investment into small to medium-sized enterprises (SMEs),” said Mr Siame.

6 COMMENTS

  1. The UK community should not engage until zambia aligns with civilised society by legalising gay rights. I am zambian but for our cause I am willing to give up aid from uk. Do not feed a nation that discriminates against us.no aid for anti gays. Trading with a country like zambia that has evil anti gay laws is going against international code of human rights.

    • There are laws in Zambia. It is legal to be practice homosexuality in the UK, it law, However it not legal in Zambia. Zambia is a Christian Nation and we will continue to uphold those values, period

    • Not all Christians are anti-gay. The Biblical basis against homosexuality is debatable at best and Jesus of Nazareth never mentioned homosexuality but spent most of his time hanging out with marginalised people hated by the society of the time.

  2. Africa still day dreaming about creating wealth blah blah blah 24/7….under UPND government its all talk no action and busy trying to give away our natural resources…thats all we hear now…one minute its the Americans…next minute its the Indians…next minute its the Arabs…next minute its the Israelis…next minute its the British….Africa is a Banana Continent…just like Akon swindled his fellow Africans

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