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Zambia and the United States of America, acting through the Millennium Challenge Corporation, have signed an amendment to realign the US$ $491 million Compact Program to support Zambia’s agricultural and critical minerals economy.
The realignment is aimed at strengthening regional connectivity, unlocking economic opportunities, and advancing sustainable growth through strategic infrastructure investments and governance reforms.
The amendment was signed in Lusaka on Thursday, according to a statement issued by the Office of Secretary to the Treasury under the Minjstry of Finance and National Planning Felix Nkulukusa.
Under the Roads and Access Project, priority road segments identified for rehabilitation have been aligned with the Lobito Corridor in North-Western and Copperbelt Provinces, described as one of Africa’s most significant emerging trade and logistics corridors.
Compact investments would include providing access to finance for electricity, irrigation, logistics and processing equipment and infrastructure for agri-small and medium enterprises and project developers across agriculture value chains.
“The longstanding bilateral relationship between Zambia and the United States is built on shared values, cooperation, and mutual respect,” Nkulukusa said.
He highlighted that key reforms under the programme would help increase private investment in production and trade in grains, strengthen mining sector governance, increase investment in mining exploration, and improve operation and maintenance of road infrastructure assets.
“The compact programme affirms a shared commitment to unlock economic opportunities and advance sustainable growth through strategic infrastructure investments and governance reforms,” Nkulukusa stated.
US$ 458 million is the MCC contribution and US$33 million is from the Zambian government, totalling US$ $491 million.
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