Zambia made an unforgettable impression at the 2025 Mining Indaba, showcasing its growing influence in the mining sector with a packed Country Showcase that captured global attention.
As Africa’s second-largest copper producer and a rising leader in critical minerals like cobalt and lithium, Zambia is positioning itself as an unparalleled investment destination. With stable policies and ambitious production goals, the country is ready to take center stage in the global mining industry.
The Zambian government unveiled an ambitious plan to boost copper production to 3 million tonnes annually by 2032. Finance Minister Dr. Situmbeko Musokotwane highlighted Zambia’s unwavering commitment to policy consistency, fiscal incentives, and sustainable mining practices, making it clear that long-term investment in Zambia’s mining sector is a priority.
A high-profile networking event hosted by ZANACO saw key financial institutions and industry leaders come together to explore new collaborative strategies to propel growth in the mining sector.
Energy Security Takes the Spotlight Energy security was a central topic of discussion, with Stanbic Bank CEO Mwindwa Siakalima pointing to it as a crucial enabler of Zambia’s mining ambitions. Stanbic, in partnership with Standard Bank of South Africa, secured a $55.5 million emergency power deal through GreenCo Finance Solutions, reinforcing Zambia’s focus on energy stability.
The bank also played a vital role in Zambia’s renewable energy push, underwriting a $96.7 million tranche of CEC Renewables’ Green Bond. The project aligns with Zambia’s bold goal of increasing non-hydro renewable energy to 33% by 2030, reinforcing its commitment to sustainable development.
Kanona Power Company Limited echoed this sentiment, sharing its vision to revolutionize Africa’s power landscape through sustainable energy solutions.
Tech-Driven Mining Advancements Tech-driven exploration firm KoBold Metals, with backing from industry giants like Bill Gates and Jeff Bezos, made waves with its announcement of a major copper discovery at the Mingomba project. With $537 million in funding, including 40% allocated to advancing Zambian operations, this $2 billion project is poised to produce 300,000 tonnes of copper annually starting in the 2030s.
Infrastructure Revolutionizing Regional Trade Meanwhile, the U.S.-backed revival of the Lobito railway promises to revolutionize mineral transportation, linking Zambia, the DRC, and Angola to create a more efficient regional trade network.
In terms of energy infrastructure, the Kalumbila-Kolwezi 700MW interconnector, a partnership between Enpower and the International Finance Corporation (IFC), will strengthen cross-border energy supply, crucial for supporting Zambia’s mining sector and ensuring a stable energy flow into the DRC.
ZANACO’s commitment to the mining sector is clear, having facilitated $247 million in financing over the past two years for both large-scale and artisanal miners. FNB Zambia also highlighted its tailored financial solutions for investments in infrastructure, energy, and mining.
Legal Expertise Driving Growth Legal services played an essential role, with Mulenga Mundashi Legal Practitioners (MMLP) showcasing its expertise in advising industry giants like KoBold Metals and First Quantum Minerals on regulatory compliance and high-value deals.
GreenCo’s Role in Zambia’s Energy Transition GreenCo emerged as a key player in Zambia’s energy transformation, securing a $55.5 million deal with Stanbic Bank and First Quantum Limited to expand its reach across Southern Africa. The company’s regional footprint, including expansion into South Africa, Zimbabwe, Namibia, and the DRC, positions it as a leader in stabilizing power grids and driving industrial growth.
Shaping Africa’s Mining Future The Indaba’s closing reception, attended by South Africa’s Minister of Electricity and Cape Town’s Mayor, highlighted the continent’s growing influence in shaping global energy policy. With South Africa representing Africa at the G20, conversations focused on fostering regional cooperation to ensure that Africa’s vast natural resources become a foundation for sustainable development and long-term prosperity.
Zambia’s powerful presence at the 2025 Mining Indaba sends a clear message: the country is not just participating in Africa’s mining renaissance—it’s leading it. With a dynamic approach and unwavering vision, Zambia is poised to cement its place as a global mining powerhouse.
