Five Germany energy investors in Zambia

Anthony Mukwita

Zambia’s Ambassador to the Federal Republic of Germany Anthony Mukwita says five top German energy firms are in Zambia to explore ways of investing or exploiting the vast renewable energy sector of the southern African country.

Mr. Mukwita says this is largely owing to President Edgar Lungu’s bold decision to make the sector attractive.

In a statement issued by First Secretary for Press and Public Relations Kellys Kaunda, the Zambia envoy says the companies that will hold discussions at Lusaka’s Radisson Hotel this week would not have gone to Zambia, had the investment platform in the energy sector remained unattractive.

Mr. Mukwita has commended the Southern African-German Chamber of Commerce and Industry, together with GIZ, the international corporation arm of German and the embassy of Germany in Zambia for putting together the important investment event

The top ranking diplomat was a main speaker at a GIZ energy event in February in Berlin where the Radisson event was announced by Markus Wolfe from the Chambers Cape Town office who said German wanted to partner with Zambia in the energy sector in order to possibly make the county a power hub of the region.

He says Zambia’s record of peace, stability as graded by the UN Global Peace Index which ranks it as the second most peaceful country on the continent makes the African nation even more attractive for potential investors, given the millions of dollars required in the energy sector.