ZEMA Approves 116 Projects Worth US$1.91 Billion in September 2024
The Zambia Environmental Management Agency (ZEMA) has approved 116 projects with a total investment value of US$1.91 billion at its 9th sitting in September 2024. Out of 121 projects considered, 116 were given the green light, marking a significant boost for Zambia’s development across multiple sectors.
The mining and mineral processing sector dominated with 46 projects approved, demonstrating Zambia’s continued emphasis on resource extraction and processing. The manufacturing and processing sector followed with 29 approved projects, while the energy sector came in third with 24 projects.
Sectors such as infrastructure development and agriculture and forestry also saw substantial growth, with 9 and 7 projects approved, respectively. However, the tourism sector lagged behind with only one project considered and approved.
The energy sector garnered the highest investment cost, amounting to US$1.76 billion, a reflection of Zambia’s urgent need for energy expansion, especially following the recent declaration of drought as a national disaster.
Approved energy projects are set to add a total of 675 megawatts (MW) of electricity to Zambia’s grid. This includes 300 MW from thermal power plants, 355 MW from hydroelectric sources, and 20 MW from solar plants, positioning the country for more sustainable energy generation.
In the manufacturing and processing sector, the approved projects represent a total investment of US$66.8 million, while the mining and mineral processing sector recorded US$45.5 million in investment. These approvals are expected to fuel economic growth, create jobs, and foster diversification across the country’s industries.
ZEMA emphasized the importance of fast-tracking energy and water harvesting projects in light of Zambia’s ongoing challenges with drought and energy shortages. Acting Director General Mrs. Karen Banda-Etondo highlighted ZEMA’s commitment to prioritizing projects that address critical national needs.
