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Talent Ngandwe

Partnership formed to pursue 120-MW Zambia hydropower project

11th June 2010 The Zambia Electricity Supply Corporation (Zesco) has forged a joint venture agreement with South Africa-based Tata Africa Holdings for the construction of a $300-million, 120-MW hydropower station at Itezhi-Tezhi, about 260 km south of the Lusaka, the capital city. 

Chinese loan for struggling Tanzania, Zambia rail link

29th January 2010 The government of China has advance a $39-million interest-free loan to the financially embattled Tanzania-Zambia Railways Authority (Tazara) $39-million for the revival of its operations. 

Zambian exporters eye Walvis Bay port

5th June 2009 Following the announcement by the Namibia Port Authority (NamPort) that it is to invest R1,3-billion to expand the Port of Walvis Bay, Zambian importers and exporters have said this port will be a preferable alternative to other ports in Southern Africa. 

Zambian, DRC firms in electricity interconnector deal

10th April 2009 Copperbelt Energy Corporation (CEC), the sole distributor of electricity to the major mines in Zambia, will this year embark on the construction of a double-circuit 220-kV interconnector between the country and the Democratic Republic of Congo (DRC), at a cost of $14-million.  

15 companies vying to develop Zambia hydropower project

3rd April 2009 The International Finance Corporation (IFC) says 15 companies have expressed an interest in developing the Kafue Gorge Lower (KGL) hydropower scheme, in Zambia, and that the winning bidder will be selected within the next 12 months. 

Four Southern African countries sign up to new interconnector project

9th May 2008 Four Southern African countries have signed a memorandum of understanding (MoU) to develop an electricity transmission interconnector. 

SA sugar producer makes funding history in Zambia

7th March 2008 Illovo Sugar has announced the successful closure of a $160-million debt facility for its Zambia Sugar subsidiary. 

Geothermal ambition

9th February 2007 The Zambia Electricity Supply Corporation (Zesco) has announced that it is probing the feasibility of venturing into geothermal electricity generation. 

IMF believes the risk reward scales are skewed in favour of the miners

26th January 2007 The International Monetary Fund (IMF) has urged the Zambian government to review concession agreements and tax-holiday arrangements signed with some mining firms, in order to generate more resources for development. 

New threshold

15th December 2006 The government of Zambia has lifted the foreign direct investment threshold from $50 000 to $500 000, in a move aimed at curbing rising cases of dubious investors entering the country. 

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