Zambia is positioning itself for a major boost in its energy sector after President Hakainde Hichilema held high-level discussions with Africa’s richest entrepreneur, Aliko Dangote, at State House in Lusaka.

The meeting, held on November 12, focused on exploring potential investments by the Dangote Group in Zambia’s energy and industrial sectors. The government views the talks as part of its broader push to attract credible private-sector partners capable of driving industrialisation and long-term economic growth.

President Hichilema reaffirmed his administration’s commitment to creating a transparent and investor-friendly environment. He said the country’s reforms are aimed at opening more opportunities for investment, job creation, and sustainable development.

Dangote, whose business empire includes cement, sugar, salt, petrochemicals, and Africa’s largest oil refinery, is widely recognised for investments that have reshaped industrial landscapes across the continent. Analysts say his entry into Zambia’s energy sector could accelerate the country’s diversification plans and attract more international investors.

The president praised Dangote’s track record, describing him as an example of leadership and vision in African industry. He noted that Zambia is ready to collaborate with reputable investors to unlock the country’s full economic potential.