Zambia’s Ambitious $15 Billion Copper Smelting Plant Project Takes Shape
In a significant development for Zambia’s economy, the Zambia National Service (ZNS) is gearing up to launch a $15 billion copper smelting plant in Kabompo district, North Western Province. The announcement was made by Zambia National Service Commander, Lieutenant General Maliti Solochi.
The ZNS-backed project, anticipated to be the largest copper smelting plant in Africa, is set to kick off in just two months. Funding of this magnitude has been secured from China, marking a major step towards transforming the region’s economic landscape.
Joseph Lungu, Special Assistant to the President for Policy Compliance, highlighted that President Hakainde Hichilema’s vision is to uplift the livelihoods of the people through economic growth and activity.
He also emphasized that this project will lead to the establishment of a community development trust, directly benefiting the local residents.
This initiative is seen as a way to break the cycle of poverty in the region, offering significant economic and social opportunities.
ZNS leaders have assured that employment opportunities will be prioritized for local residents, in line with President Hakainde’s goal of attracting businesses that positively impact the lives of those in the surrounding areas.
To allay any fears of displacement, the project aims to support ongoing productivity extension services while driving development in the region.
Kabompo District Commissioner, Mr. Albert Chinyanga, and Area Council Chairperson, Mr. Makayi Presley, expressed their delight at the prospect of such a substantial investment in their district.
This development is expected to not only bolster ZNS’s contribution to the country’s Gross Domestic Product (GDP) but also create numerous employment opportunities for the local population.
Residents of the area have overwhelmingly welcomed the project, recognizing its potential to bring about positive improvements in their lives.
The project is scheduled to commence before the end of this year and will run in parallel with a robust agricultural production venture in the same district. It will be established through a joint venture with a Chinese investor.
A significant allocation of 20,000 hectares of land has been made to ZNS to set up the smelting plant and engage in agricultural production.
This initiative marks a substantial step towards enhancing economic growth, community development, and improved livelihoods in the North Western Province of Zambia.
This story has been adopted from Koswe.
