ZCCM Investments Holdings PLC (ZCCM-IH) has entered into a commitment agreement with the International Council of Swedish Industry to promote sustainable excellence, particularly within the mining industry.
Swedish Ambassador to Zambia, Johan Hallenborg, says the partnership reflects Sweden’s strong dedication to supporting Zambia’s economic growth.
The media reports that speaking during the signing of a letter of commitment in Lusaka, Mr Hallenborg highlighted that mining remains central to the country’s economy, making ZCCM-IH a vital public sector institution.
He pointed out the major environmental, social, and governance challenges that impact ecosystems, labour standards, community well-being, and transparency.
“What we are doing today is meant to tackle these challenges. ZCCM-IH’s efforts will help reduce risks in the mining sector and open the door for greater business and investment opportunities,” he noted.
Mr Hallenborg added that the collaboration is a tangible move towards building a more responsible business climate, aligned with President Hakainde Hichilema’s vision for economic expansion.
He said the initiative focuses on strengthening accountability, enabling community participation, and promoting sustainable development through responsible mineral extraction, increased trade, and climate resilience.
Meanwhile, ZCCM-IH Chief Executive Officer Kakenenwa Muyangwa described the partnership as a significant milestone in the company’s development.
He said the commitment reflects a shared goal of fostering sustainable progress and emphasised that climate change challenges require ZCCM-IH to adapt and draw on international expertise.
“This initiative is fully supported through development cooperation funding from the Swedish International Development Cooperation Agency (SIDA). It highlights the strong bilateral relationship between Zambia and Sweden,” he stated.
