The African Development Bank (AfDB) has announced plans to develop a robust pipeline of private sector projects in Zambia over the next 12 months to support the country’s economic transformation.
Speaking during a high-level side event at the inaugural Invest in Zambia International Conference (IZIC), AfDB Regional Head for Private Sector Operations in Southern Africa, Bleming Nekati said the bank is working with Zambian authorities to “accelerate private sector growth to unlock new opportunities, drive innovation and build a more prosperous and inclusive future.”
“We are now well on our way to building a strong, diversified, and impactful pipeline of private sector operations in Zambia for delivery over the next 12 months and beyond,” Nekati said.
The session, themed “Catalysing Private Sector Growth: Unlocking AfDB’s Financing Toolkit in Zambia”, brought together private companies, financial institutions, development partners and government officials.
It showcased the bank’s extensive non-sovereign financing instruments – including loans, equity participation, trade finance, guarantees and blended finance options – while sector specialists outlined opportunities in agriculture, transport and industry.
The announcement comes as Zambia seeks to attract more private investment to drive inclusive growth and job creation.
JN/APA