Zambia: A Safe Haven for Investment
Committed to affecting sustainable change for the mining and energy sectors in Zambia, 8th Zambia International Mining & Energy Conference & Exhibition (ZIMEC), one of the most comprehensive extractive industry events in the country is back in Lusaka for its 8th edition showcasing the dynamism and progress of the industries. For 7 years ZIMEC has played a pivotal role in shaping a sustainable growth path for the development of Zambia’s mining and energy sectors. The event has served the region’s mining and energy communities with an authoritative and lucrative platform to brand, learn and synergise with the promulgators of the industry both public and private sectors.
Zambia is currently at the forefront of leading African mining nations and remains an investment hub for global companies due to its long mining history, vast untapped wealth of resources, political and economic stability and reformed mining laws and codes that favour transparency and investment. In addition to mining accounting for 12% of the country’s GDP and 70% of total export value, recent analysis have shown a clear link between levels of mining investment and wider economic development for Zambia for the past 100 years.
Demand for energy has also risen in Zambia due to rising GDP growth with the mining sector being a major energy consumer. This increase in demand coupled with over reliance on hydroelectricity has led to the emphasis on growing opportunities in the renewable solar and wind sectors to create and progress towards an optimal sustainable energy mix. Zambia expects to triple its power output to 6,000 megawatts (MW) in 2 years through expansion of solar energy.
Foreign investment in the renewable sector have already started big scale with Indian firm, Sterling and Wilson beginning the construction of a $60 million solar power plant in Kafue. This project will not only profit over two million residents of Lusaka and Kafue but Zambia as a whole and the eight neighbouring countries. The US trade and Development Agency has offered $1.05m of funding support to a 130MW wind farm development in Zambia. The $275m wind power project is Zambia’s first and one of the largest renewable energy developments in Sub-Saharan Africa.
With the mining and energy sectors booming in Zambia, ZIMEC 2018 is occurring at an ideal time, bringing together government, industry players, and other stakeholders under one roof to connect, share ideas and continue strengthening the country’s economy. ZIMEC 2018 will have two focal points: Mining in Zambia and Power in Zambia. Both streams will consist of two days of dedicated conference sessions, exhibition, industry related workshops and robust panel discussions delving into the critical factors prevalent in the industries.
What’s New in ZIMEC 2018?
ZIMEC 2018 will focus on a range of essential topics addressing the future of the mining and energy sectors.
Contact the ZIMEC Team:
Tel: +44 (0) 207 700 4949
Media queries & partnerships:
Tel: +44 (0) 207 700 4949