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Asolar power project with an initial investment of $25 million is expected to be set up at the Lusaka-South Multi Facility Economic Zone (LS-MFEZ) in the next 12 months. The two years Lusanje Power Limited is a joint venture between LS-MFEZ and Serenje Limited, a South African company with vast expertise in solar power energy.
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Lusaka, 29th April 2022 – Zambia and the Democratic Republic of Congo (DRC) has signed a historical cooperation agreement to facilitate the development of value chain in electric battery
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The surge in demand for rechargeable batteries, driven by smartphone usage and renewable energy storage needs presents vast opportunities for Zambia and the continent
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The surge in demand for rechargeable batteries, driven by smartphone usage and renewable energy storage needs presents vast opportunities for Zambia and the continent to propel development anchored on the clean energy transition.
Zambia and the Democratic Republic of Congo (DRC) have signed cooperating agreements to start manufacturing electric car batteries. The agreement includes the clean energy sector and will explore minerals rich in both countries which are key raw materials in the manufacturing of electric car batteries.
Speaking after the signing ceremony, President Hakainde Hichilema said the signing of cooperation agreements between Zambia and the DRC to start manufacturing electric car batteries is key milestone towards poverty alleviation in Zambia and DRC.
Mr Mulenga and Mr Kahongya in Zambia and DRC joint communique resolved that the two countries agreed to set up DRC-Zambia Battery Council to oversee the implementation of the cooperating agreement for the electric car battery value chain for the benefit of the two countries.
“We fully welcome and support the Operationalisation of this agreement” Mr Masuwa said. Zambia Association of Manufacturers president Ashu Sagar said the private sector will play its role in seeing to it that the programme succeeds.
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