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The Zambian Government has reaffirmed its commitment to promoting investment, value addition, industrialisation and economic diversification as key pillars for accelerating sustainable economic growth.
Zambia’s Ambassador to China, Ivan Zyuulu, made the remarks during a meeting with representatives of China Pingmei Shenma Holding Group held at the Embassy of the Republic of Zambia in Beijing, China.
In a statement issued by the Zambian Embassy in China, discussions focused on investment opportunities in Zambia, particularly in the areas of renewable energy, mining and industrial development.
“Zambia is strategically positioned as an attractive investment destination in sectors such as energy, agriculture and mining,” Zyuulu said.
He highlighted the country’s vast potential in copper, lithium and other critical mineral resources, which are essential to global electric vehicle and renewable energy value chains.
Zyuulu further noted that Zambia stood to benefit from China’s zero-tariff policy for African countries, which came into effect on May 1, 2026, creating additional opportunities for trade expansion, industrial growth and increased market access for Zambian products.
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He encouraged the company to undertake further engagements and investment visits to Zambia in order to gain firsthand appreciation of the country’s investment opportunities and favourable policies designed to support foreign direct investment.
The delegation from China Pingmei Shenma Holding Group, led by Deputy General Manager Li Qing Ming, outlined the company’s ongoing and planned investments in renewable energy and new materials, including solar energy systems, lithium batteries, power storage cells and grid technologies.
“Following the company’s visit to Zambia in January 2026, China Pingmei Shenma Holding Group signed a Memorandum of Understanding (MoU) with Zambia’s Ministry of Energy for the development of a 100-megawatt solar renewable energy project in Southern Province,” Li said.
The delegation further disclosed that the 100-megawatt project represented only the initial phase of the company’s investment ambitions in Zambia, with plans underway to develop a larger one-gigawatt (1,000-megawatt) renewable energy project in the country.
China Pingmei Shenma Holding Group also expressed interest in expanding investment cooperation with Zambia and exploring additional opportunities in the mining sector.
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