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The Zambian government has reiterated its directive for foreign investors to partner with local stakeholders to prevent the exploitation of the country’s raw materials and promote value addition.
Commerce, Trade, and Industry Minister, Chipoka Mulenga, speaking at an Investment Forum in Dubai, emphasised that the policy—introduced by President Hakainde Hichilema two years ago—had been successful in transforming Zambia’s investment landscape.
“The President has made it clear that investments in Zambia must include partnerships and joint ventures. This approach enhances the value chain in our extraction industry, ensuring value addition while preventing resource exploitation,” Mulenga said.
He explained that the revised investment model ensures wealth and skills transfer, fostering sustainable growth and stronger local participation in key industries.
Mulenga also reaffirmed Zambia’s commitment to the global green energy transition, highlighting the establishment of the Ministry of Green Economy and Environment as a critical step toward positioning Zambia as a leader in clean energy systems.
“Our ambition is to attract investments in green technologies and develop IT infrastructure to support clean energy systems,” he added.
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