Category Archives: Zambia News
The U.S. Trade and Development Agency awarded a grant supporting a feasibility study for a 130 MW wind power project in Zambia. The grantee is Access Zambia Wind One Limited, a wind power project developer and subsidiary of Access Power, a Power Africa partner and developer, owner, and operator of power assets in emerging and frontier markets.
Power Africa attended the Africa Energy Forum (AEF) to further advance its goal to increase energy access and power generation in sub-Saharan Africa. Through grant signings, facilitated events, and targeted meetings with government and private sector partners, Power Africa plans to further increase the number of transactions that have reached financial close. Currently, the 76 projects that have reached this status are expected to generate over 7,107 megawatts (MW) since the initiative’s 2013 launch.
Zambia’s economy is looking bright after the recent IMF visit to the country to further discussions on the 2017 Article IV consultation. The country has grown in foreign investors towards Zambia’s government securities market and also a good climatic condition – marked by moderate rainfall to support the agricultural sector. The country has also requested for an IMF-Supported program. According to the IMF team, the Zambian economy has witnessed a positive growth which could possibly allow the country to be supported by IMF’s Extended Credit Facility (ECF). The ECF provides financial assistance to countries with protracted balance of payments problems. As it stands now, the IMF seeks to reach more understanding of the country and based on that grant Zambia’s ECF request.
USTDA also announced approval of funding for a 130-140 megawatt wind power project being development by Access Wind One Zambia Limited, the Zambian subsidiary of Access Power Limited
The United Nations Special Rapporteur on the right to food, Hilal Elver, today cautioned that many Zambian peasants are at risk of becoming squatters on their own land as Zambia is turned into Southern Africa’s food basket.
Syngenta (www.Syngenta.com) in Zambia, through its subsidiary MRI Seed, has partnered with the Feed the Future Partnering for Innovation, a United States Agency for International Development (USAID) programme implemented by Fintrac Inc. (www.Fintrac.com), to help smallholder farmers gain access to high-quality, disease-free horticultural seedlings, giving them the opportunity to become commercially viable vegetable farmers.
FINANCIAL RISK INTERVIEW: “The solar off-grid grid space is fascinating. Like telecom it is an example where development and private interests are fully compatible.”
Exclusive interview with Harald Hirschhofer, Senior Advisor, The Currency Exchange Fund (TCX), The Netherlands. Harald is organising a TCX Risk Mitigation workshop during the F&I Forum at African Utility Week and will address attendees on “Understanding of risks and their pricing – how can the supply of long-term local currency financing and hedging be improved?“
Big increase in international pavilions at Agritech Expo Zambia shows global excitement about Zambian farming sector
“Agriculture key in the diversification of the Zambian economy”
The award-winning event, Agritech Expo Zambia, is presented by the Zambia National Farmers Union (ZNFU) and returns to Chisamba for the fourth edition from 27-29 April 2017. “Zambia is an exciting market to explore, not just for South African suppliers to the agriculture sector, but also for South African farmers” says Liam Beckett, commercial director for the upcoming Agritech Expo Zambia. Agritech Expo Zambia is organised by Spintelligent, leading Cape Town-based trade exhibition and conference organiser, and the African office of Clarion Events Ltd, based in the UK.
The UK and Zambia have signed an Energy Africa Partnership Agreement, announcing their commitment to accelerate the expansion of the household solar market across Zambia
Zambia is a step closer to seeing a much needed international dispute resolution centre after a funding workshop in Lusaka last week. Overwhelming support for the initiative came from local and international governments, civil society organisations, as well as business representatives.
By HUMPHREY NKONDE
Zambia’s four international airports recorded 456, 750 passengers in third quarter of 2016, representing an increase of 1.3 percent from the number of travellers who were recorded in the same period in 2015.