Zambia Development Agency and Imbono Sign MoU to Enhance Energy and Mining Investments

The Zambia Development Agency (ZDA) and Imbono have signed a Memorandum of Understanding to promote investments in energy, mining, and infrastructure in Zambia. Imbono, which has invested $8 billion across Africa, plans to invest $2 billion annually in Southern Africa over the next 2-3 years. ZDA expressed support for the investment, emphasizing the importance of regional integration and Zambia's potential in increasing copper production and power generation.

Published Mar 26, 2026

The Zambia Development Agency (ZDA) signed a Memorandum of Understanding with Imbono to foster investment in energy, mining, and infrastructure. Imbono, with operations in Dubai and Abu Dhabi, aims to invest $2 billion annually in Southern Africa over the next 2-3 years, building on its $8 billion investments across Africa.

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The partnership aligns with Zambia's goals of increasing copper production to three million tonnes and expanding power generation to 10,000 megawatts. ZDA Director-General Albert Halwampa assured support for the investment, highlighting Zambia's role in regional integration amid varying energy needs.