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The Zambian government has signed a US$20 million green investment agreement with EVC Investments, focusing on the promotion of electric vehicles (EVs) and solar power generation as part of efforts to advance the country’s green economy.
The initiative, signed on July 16, 2025, during the Invest in Zambia International Conference in Lusaka, is expected to support sustainable development, reduce carbon emissions, and create local employment, according to Ministry of Green Economy and Environment Principal Public Relations Officer Harriet Chimuka.
In a statement issued on Thursday, Chimuka said the agreement aligns with Zambia’s broader environmental and economic goals.
“The key highlights of the agreement include the importation of electric vehicles for both personal and commercial use, as well as the establishment of solar-powered charging stations in major cities,” she said.
The partnership also provides for a feasibility study to explore the establishment of an electric vehicle assembly plant in Zambia, alongside solar energy generation to support EV charging and contribute power to the national grid.
The investment is expected to directly contribute to the achievement of United Nations Sustainable Development Goals (SDGs) 11, 12, and 13, which relate to sustainable cities and communities, responsible consumption and production, and climate action.
Chimuka emphasized that the Ministry welcomed the partnership, which is in line with Zambia’s green growth strategy and national sustainability frameworks.
The Invest in Zambia International Conference, a three-day event held under the theme “Driving Generational Transformative Investments Through Joint Ventures and Partnerships,” was officially opened by President Hakainde Hichilema.
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