Zambia and Zimbabwe have committed US$220 million each in equity, totaling US$440 million, to unlock the US$4.2 billion Batoka Gorge Hydropower Project. This 2,400MW project, jointly developed by the Zambezi River Authority, aligns with President Hakainde Hichilema's approach to disciplined financing, leveraging public equity to attract private capital, share risks, and ensure strong governance. The project will add 1,200MW to Zambia's and 1,200MW to Zimbabwe's energy capacity, enhancing the Sou
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Equity Group Holdings Plc entered into a binding term sheet to acquire Banque Populaire du Rwanda and African Banking Corporation, Zambia, African Banking Corporation, Tanzania and African Banking Corporation, Mozambique from from Atlas Mara Limited, ABC Holdings Limited and others for KES 10 billion.
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President Hakainde Hichilema launched Growth Investment Partners Zambia in Lusaka this week, unlocking $70 million in long-term capital to scale up small and medium-sized businesses. The platform pools resources from three institutional investors—British International Investment ($37.5 million), NAPSA ($17.5 million), and Swedfund ($15 million), and is designed to close the financing gap that has long held back Zambian enterprises. Here's is what it means: | Ministry of Information and Media - Z
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