Zambia emerges as key player in global energy transition

Zambia is set to bolster its role in sustainable energy solutions, according to Critical Minerals Africa (CMA) organizer Energy Capital & Power Project Director, Rachelle Kasongo.

“Zambia’s critical mineral sector has seen remarkable growth, driven by an enabling policy environment that attracted significant investments.

As a key player in the global energy transition, Zambia is poised to increase its contribution to sustainable energy solutions, reinforcing its importance on the world stage,” Kasongo stated in a statement on Friday.

The Fraser Institute’s latest report highlighted Zambia’s leap from 12th to third place in global investment attractiveness for mining in 2024, driven by robust policies.

The country had secured $10 billion in new investments over the past three years.

Zambia, the world’s seventh-largest and Africa’s second-largest copper producer, plays a crucial role in manufacturing wind turbines, solar panels, battery storage, and electric vehicles.

This prominence led the Zambia Chamber of Mines (ZCM) to partner with CMA for the 2024 summit.

At the summit, ZCM representatives, including CEO Sokwani Chilembo, will promote Zambia’s critical mineral sector and update investors on the country’s copper value chain.

The CMA 2024 summit, scheduled for November 6-7, aims to position Africa as a top destination for critical mineral investments.

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