Zambia Improves Global Mining Investment Ranking, Now Third in Africa
Zambia has improved its position in the global mining investment rankings, rising from 28th to 25th place and securing third position in Africa, according to the 2025 survey by the Fraser Institute.
Permanent Secretary in the Ministry of Mines and Minerals Development Zambia, Hapenga Kabeta, said the progress reflects government efforts to create a more favourable investment climate while promoting sustainable mining practices.
Speaking during an interview on Zambia National Broadcasting Corporation (ZNBC) main news programme, Dr Kabeta attributed the improved ranking to stable government policies, increased engagement with industry stakeholders and strategic leadership aimed at strengthening the mining sector.
“We are proud of the progress that has been made, but our goal is to reach the top,” he said, adding that the administration of Hakainde Hichilema has prioritised economic diversification and private sector-led growth as key drivers of the country’s mining development.
Dr Kabeta explained that the ministry has implemented several reforms to improve governance in the sector, including separating policy and regulatory functions and establishing the Minerals Regulation Commission.
He said the reforms are expected to strengthen monitoring systems, improve the handling of complaints and eliminate overlaps in the licensing process.
The ministry has also streamlined licensing procedures, reduced bureaucratic hurdles and enhanced transparency in order to boost investor confidence in the sector.
Dr Kabeta further noted that the government has introduced a Critical Minerals Strategy aimed at promoting value addition to Zambia’s mineral resources and attracting more investment.
“We must not miss the opportunity this time. Every commodity leaving Zambia should undergo some level of value addition so that we can create jobs, stimulate economic growth and improve livelihoods,” he said.
Zambia has set an ambitious target of producing three million metric tonnes of copper annually, part of broader efforts to position the country as Africa’s leading mining destination.
The government says it is also working to improve infrastructure, strengthen governance frameworks and enhance investor confidence while ensuring mining activities are carried out responsibly and sustainably.
