Access Holdings, a financial services group, has pledged a $100 million investment to support Zambia's key sectors. The funds are aimed at boosting th
Access Holdings, a financial services group, has pledged a $100 million investment to support Zambia's key sectors. The funds are aimed at boosting the country's energy, agriculture, and digital transformation, aligning with President Mr. Hakainde Hichilema's national growth strategy.
During a visit to the Zambian State House, the Chairman of Access Holdings, Mr. Aigboje Aig-Imoukhuede, commended the government's economic reforms and stated that the company is ready to finance projects to strengthen Zambia’s power sector.
He said, "Access Holdings stands ready to finance transformative projects that will strengthen Zambia’s power generation, transmission, and distribution capacity. Our financing arrangements of up to $100 million are designed to catalyse development in sectors that matter most to the economy."
The CEO of Access Bank Zambia, Mr. Lishala Situmbeko, further noted that the bank is already planning to invest 450 million kwacha into important infrastructure projects.
The investment is expected to have a significant impact on Zambia's economy. A reliable energy supply is vital for industrial growth, particularly in the mining sector, where copper production is projected to reach 1 million metric tonnes by the end of the year. Beyond energy, the funds will support the agriculture sector and advance digital transformation, which are central to the government’s plan for growth.
This proactive approach by Access Holdings has been praised by Zambian government officials, including the Special Assistant to the President for Finance and Investments, Mr. Jito Kayumba, who stated that the investment fits perfectly with the country's national priorities.
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