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Zambia’s drive to triple its copper production to nearly 3m tonnes a year by 2031 is doable, thanks to a fresh positive outlook the country has taken under President Hakainde Hichilema’s government, says the Copperbelt Energy Corporation (CEC). The firm is the best performer of the local stocks exchange and one of Africa’s private electricity supplier success stories.
There is an “improvement in the business environment”, says Chama Nsabika, CEC’s investor relations manager. He argues that opportunities in Zambia’s mining sector are perking up, underpinned by Hichilema’s new policy direction and a national target of 2.72m tonnes of copper production in a decade from now.
“This entails the need for more energy to supply the mines,” he tells The Africa Report from Lusaka.