Zambia needs strategic reforms to maximise mining potential — World Bank

Targeted investment and policy reforms are essential if Zambia is to transform its mining sector into a driver of long-term and inclusive economic growth, the World Bank Group has said.

In its latest weekly newsletter focusing on how mineral-rich countries can convert resource wealth into sustainable development, the Bank noted that Zambia’s success will depend on attracting private capital while strengthening institutions, infrastructure, and workforce skills.

According to the World Bank, these reforms could unlock new business opportunities and help shift the sector away from reliance on raw mineral extraction toward a more diversified and resilient mining economy.

Zambia—long a major producer of copper, cobalt, and nickel—is positioning itself to capitalise on rising global demand for critical minerals driven by the clean energy transition.

The Bank stressed that the country’s ambition was not only to increase production but also to “mine better,” through modern policies, stronger governance, and enhanced private-sector participation.

The World Bank further noted that achieving these goals will require a stable and predictable investment environment.

“Key steps include clear regulations, improved infrastructure, and a skilled workforce capable of supporting new technologies and business models. Together, these factors can convert mineral wealth into quality jobs, diversified economic growth, and long-term stability,” it stated.

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