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Government has announced that it is currently looking for strategic partners and investors to venture into the production of the Electric Vehicle Batteries (EVB) and Battery Precursors.
According to Commerce, Trade and Industry Minister, Chipoka Mulenga, on Thursday at the “Invest in Zambia” Business Forum held in Botswana, this was an area which government had prioritised in terms of mineral beneficiation to take advantage of abundant mineral wealth that Zambia possesses.
“It is in this regard that we have joined hands with the Democratic Republic of Congo, the United States Government, the United Nations Economic Commission for Africa and the African Export and Import Bank to develop the EVB value chain.
“We are, therefore, looking for strategic partners and investors to venture into the production of the electric vehicle batteries and battery precursors. You are, therefore, called to come and invest in the development of the EVB value chain,” he said.
Read more: Partnership to create a thriving Electric Vehicle ecosystem in Zambia formed
Mulenga also said Government had prioritised agriculture, manufacturing, mining and tourism as key sectors for growth.
He pointed out that there were immense opportunities in these sectors and Government would ensure investments were facilitated.
“In the agriculture sector, we have allocated one million hectares of land across the ten provinces for the development of farm blocks through which we intend to commercialise and promote export-oriented agriculture.
“The World Bank is supporting us to put up basic infrastructure in these farm blocks. You are, therefore, invited to take an interest and consider investing in these farm blocks,” he said.
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