ZDA Signs Clean Energy Deal with UAE Firm, 100 Jobs Expected

The Zambia Development Agency (ZDA) has signed a Memorandum of Understanding in renewable clean energy with ZAKH Renewable Energy and Engineering of the United Arab Emirates.

Over 100 jobs are expected to be created once the company sets up solar farms in Zambia.

Speaking shortly after the signing ceremony, ZDA Director General Albert Halwampa assured ZAKH Renewable Energy and Engineering that investment is safe and secure in Zambia.

Mr Halwampa explained that President Hakainde Hichilema has created a conducive environment for both local and international investors by enacting investor-friendly policies.

He noted that Zambia has stable and predictable policies, making it a preferred destination for investment, which helps investors feel more secure as they set up operations in the country.

Mr Halwampa urged ZAKH Renewable Energy and Engineering to expedite the process of setting up solar farms in Zambia.

"Please come and invest as quickly as possible. We will support you throughout the entire process of setting up investments in Zambia," he said.

ZAKH Renewable Energy and Engineering Board Advisor Marina Strateva said the company is interested in setting up solar farms in the energy sector.

Ms Strateva stressed that the company is keen to contribute to the growth of Zambia's renewable clean energy sector.

She explained that the MOU signed with ZDA is a huge milestone in formalising the setting up of investments in clean energy in Zambia and is key to securing the company's investment.

Zambia's Ambassador to the United Arab Emirates Nkombo Muuka said the embassy was excited to facilitate the engagement between ZDA and ZAKH Renewable Energy and Engineering.

Professor Muuka disclosed that ZAKH Renewable Energy and Engineering is a reputable company with the potential to contribute significantly to Zambia's clean energy generation.