Access Holdings PLC has reaffirmed its commitment to driving Zambia’s economic growth, with priority investments in the energy and agriculture sectors. The pledge followed a courtesy visit and strategic talks with President Hakainde Hichilema at State House in Lusaka.
President Highlights Key Investment Needs
President Hichilema stressed that Zambia faces challenges in power generation and transmission. He urged for more investments, especially after the country’s recent open-access reforms. He also encouraged banks to boost their role in agriculture and digital transformation, two pillars of Zambia’s development plan.
Access Holdings Commends Economic Reforms
Aigboje Aig-Imoukhuede, Chairman of Access Holdings, praised the government’s bold economic reforms, especially in the energy sector. He said these policies have created a healthy environment for strategic investments.
“Access Holdings is ready to fund transformative projects to expand Zambia’s power generation, transmission, and distribution,” Aig-Imoukhuede said. “We have financing of up to $100 million to support sectors most vital to the economy.”
Targeted Investments in Energy and Infrastructure
Access Bank Zambia CEO, Lishala Situmbeko, revealed the bank is already working with Industrial Development Corporation subsidiaries. It is also reviewing a 450 million kwacha investment in critical infrastructure projects.
Energy remains key to industrial growth, especially in mining. Zambia expects copper production to reach one million metric tonnes by year-end. Access Holdings’ investment aims to secure reliable electricity supply, spur industrial output, and grow the wider economy.
Support Beyond Energy
The group also confirmed its commitment to strengthening agriculture and accelerating digital transformation in line with the national growth strategy.
Government Officials Welcome Partnership
Special Assistant to the President for Finance and Investments, Jito Kayumba, and Economic Advisor to the President, Pamela Nakamba, applauded Access Holdings for aligning its investments with Zambia’s priorities.
As one of Africa’s leading financial services groups, Access Holdings continues to work with both the government and private sector to create lasting economic impact.
