By BUUMBA CHIMBULU
BRITAIN is set to sign an agreement with Zambia to generate US$3.17 billion of British private sector investment in the country’s mining, minerals and renewable energy sectors.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”4,5,6″ ihc_mb_template=”2″ ]
This will be done alongside 500 million pounds of government-backed investments.
Reuters yesterday said Britain agreed deals with Zambia on clean energy and critical minerals as the country’s Foreign Minister, James Cleverly, ends a four-day visit to Africa to deepen ties.
The agreement is expected to lay the foundation for further United Kingdom support for the responsible mining of copper, cobalt and other metals essential to the global clean energy transition.
Mr Cleverly would visit Zambia and sign a memorandum of understanding (MoU) on critical minerals.
“The United Kingdom-Zambia Green Growth Compact and our landmark agreement on critical minerals will support investment between UK and Zambian business, creating jobs in both countries,” Mr Cleverly said.
Britain has agreed to deepen collaboration on critical minerals with other countries such as the United States, Japan, Australia, Kazakhstan and Saudi Arabia.
[/ihc-hide-content]
