By Derrick Silimina

The Zambia Development Agency has signed a Memorandum of Understanding with Impero Presa Investment, an Emirati-Italian investment and project management group with operations across the UAE, Italy, and Africa.

According to a statement, the MoU aims to foster collaborations across multiple sectors, including mining, oil and gas, energy solutions, agriculture, infrastructure, education, logistics, and construction, to promote sustainable economic growth in Zambia.

“Impero Presa Investment will be responsible for directing investments into Zambia, adhering to international standards and local laws, creating employment opportunities, and engaging in CSR activities,” ZDA Director General Albert Halwampa said.

Halwampa noted that ZDA will facilitate project implementation by assisting with licensing, permits, and coordination with government agencies, thereby encouraging trade and investment.

He highlighted that the partnership aligns with Zambia’s proactive investment strategy, emphasizing the country’s stable macroeconomic environment, strategic geographic position, and ongoing reforms that attract foreign direct investment and emphasised Zambia’s regional trade advantages within SADC, COMESA, and AfCFTA.

In a meantime, Impero Presa Chief Project Officer Mohamed Elbnna expressed enthusiasm for expanding into Zambia and exploring investments in energy, agriculture, and other growth sectors, with the hope of unlocking transformative development for the country.

“This partnership will unlock transformative investments that contribute to Zambia’s long-term development,” Elbnna said.