Zambia’s president Hakainde Hichilema says he seeks to fortify relations with the European Union to foster trade and economic development in that country. Read more.
Pan-African investment platform Africa50 has announced the creation of a new US$500 million fund called the Africa50 Infrastructure Acceleration Fund, aimed at catalysing further investment flows into African infrastructure.
The German government has pledged to contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. Read more.
Mozambique has been mentioned in a new report among 8 out of 18 High Impact Countries (HICs) with new coal-fired power plants that are under active development in 2021 notwithstanding that sources of finance for new plants is tightening as more countries announce their exits from coal. Read more.
LUSAKA exchange listed Zambia Reinsurance PLC says it has experienced setbacks in premium collections due to the slowing business activity prompted by lack of new opportunities from key sectors of the economy.