Zambia Signs Three Strategic MoUs with U.S. Firms
The Government of Zambia has strengthened its economic and technological cooperation with the United States through the signing of three Memoranda of Understanding (MoUs) with American companies in the areas of critical minerals processing, digital sovereignty and investment promotion.
The agreements, facilitated through the Zambia Development Agency (ZDA), were signed at the Embassy of Zambia in Washington, D.C., on Tuesday, 9 December 2025. Zambia’s Ambassador to the United States, Dr Chibamba Kanyama, witnessed the ceremony.
The MoUs were concluded between ZDA and Austin Elements, ZDA and Lucid Circuit, and ZDA and Busara Advisors Inc., marking a significant step forward in Zambia’s efforts to advance value addition, digital capability and international investment partnerships.
The partnership with Austin Elements aims to strengthen Zambia–U.S. collaboration at a time when the United States is seeking to secure and diversify its supply of critical minerals. The company’s Chief Executive Officer revealed that 80 percent of the minerals involved will be processed in Zambia before export, a move intended to boost job creation and empower local communities.
The MoU between ZDA and Lucid Circuit represents a major milestone in Zambia’s pursuit of digital independence and economic transformation. Aligned with President Hakainde Hichilema’s vision under the 8th National Development Plan and the country’s Digital Transformation Strategy, the agreement positions Zambia not only as a consumer of technology but as an emerging producer and regulator of digital solutions.
A third MoU, with Busara Advisors Inc., reinforces Zambia’s commitment to economic diplomacy by ensuring that global partnerships directly support national development priorities. Busara Founder, Ambassador Reuben Brigety, highlighted Zambia’s century-long experience in copper mining and its growing potential in critical minerals exploration, noting that the country is well placed to lead Africa’s contribution to the global energy transition.
He further pointed to major infrastructure developments including the US$300 million agreement with Dubai Ports World and Zambia’s role in the Lobito Corridor as catalysts for transforming the country into a regional logistics hub. These developments, he said, not only expand trade but also create pathways to skilled employment for Zambia’s growing youth population.
Ambassador Kanyama welcomed the partnerships and commended the ZDA and the Embassy team for advancing Zambia’s value-addition agenda. He emphasised that the MoUs are consistent with the 8th National Development Plan, particularly in promoting economic transformation, job creation and industrial diversification.
He added that Zambia is committed to moving beyond raw material exports by increasing domestic processing, refining and manufacturing of minerals such as copper, cobalt, lithium, manganese and rare earth elements. Processing up to 90 percent of minerals before export, he said, will significantly enhance national revenues and create meaningful employment opportunities.
Ambassador Kanyama also reaffirmed Zambia’s reputation as one of Africa’s most stable, peaceful and democratic nations, noting that its strong rule of law, transparent investment framework and predictable economic environment make it an attractive destination for long-term investors.
