Foreign Secretary James Cleverly announces a new partnership for green growth in Zambia, with ambitious targets
In collaboration with Zambia, the UK government has unveiled the UK-Zambia Green Growth Compact, a strategic initiative to bolster green investment in Zambia’s economy.
This partnership seeks to combat climate change, create job opportunities, and stimulate business growth in both nations.
Green growth in Zambia
Foreign Secretary James Cleverly’s visit marks a significant milestone in strengthening UK-Zambia ties.
The UK commits to generating up to £2.5 billion in private-sector funding from British companies, which will be channelled into Zambia’s mining, minerals, and renewable energy sectors.
Additionally, up to £500 million in UK government-backed investments and up to £150 million of private sector funding for small- to medium-sized enterprises (SMEs) will be mobilised, driving economic prosperity in both countries.
Enhancing critical minerals cooperation
James Cleverly will sign a memorandum of understanding on critical minerals as part of the UK’s dedication to green growth in Zambia.
This agreement sets the stage for further UK support in responsibly mining essential metals like copper and cobalt, vital components of the global clean energy transition. This cooperation will ensure sustainable sourcing and improve environmental and social welfare standards.
A broader impact: UK support in Zambia
Beyond green growth initiatives, the Foreign Secretary’s visit highlights the positive impacts of UK aid on Zambian communities. He will inaugurate a secondary school supported by the UK’s Promoting Equality in African Schools initiative, offering quality education to children in Ndola. Furthermore, he will witness the benefits of the UK-funded Social Cash Transfer Programme at Kasengu Market, uplifting those in need.
In high-level meetings with President Hichilema and Foreign Minister Kakubo, discussions will range from debt restructuring and IMF-backed reforms to regional security cooperation and the need for a fairer international financial system.
The Foreign Secretary’s visit to Zambia concludes a successful 3-country tour, showcasing the UK’s commitment to fostering future-focused, mutually-beneficial partnerships in Africa. This endeavour emphasises trade, investment, and sustainable green growth, enabling a more robust and greener future for all.
