Chi-Africa to Invest $5 Million in Kalulushi

The Chi-Africa mining company has announced plans to invest over $5 million (approximately K131 million) into mining, agriculture, and solar energy projects in Kalulushi District, Copperbelt Province.

The announcement follows President Hakainde Hichilema’s successful appearance at the Forum for China-Africa Cooperation in Beijing, where the President secured a $1 billion upgrade for the Tazara railway line and agreements to improve power generation at ZESCO.

Copperbelt Minister Elisha Matambo praised Chi-Africa’s investment during a meeting with the company’s representatives.

“His Excellency Hakainde Hichilema is focused, very hard working,” he said. “He wants to bring the country back to where it is supposed to be economically and he is a president who has promised the people of Zambia that the minute he comes into office he will create an environment that will be conducive for investors and that is exactly what he has done.”

Chi-Africa’s Director of Public Affairs and Resources Integration Yake Wang said his company was attracted by Zambia’s stable and transparent governance, which persuaded the Chinese firm to invest.

Among the projects that interest Chi-Africa are supplying materials for the Musakashi Tailings dam and establishing a new solar power plant in the region, as well as investments into mining and agriculture.