UK – Zambia Forum 2015

UK – Zambia Forum 2015

Interested in finding more energy related opportunities in Africa, AFE attended the UK-Zambia Trade and Investment Forum 2015 which took place on November 5th in the City of London. The picture remains difficult and the current economic down turn was played down as well as could be expected, whilst transparency was pursued at all times. Despite an above average economic growth pattern averaging 5 to 7% for the past years, the 2015 forecast was revised downwards to about 1%. Double digit inflation rate remain. The speakers/sponsors highlighted investment opportunities in mining, tourism, agriculture and energy in particular. Still, it was interesting to learn that whilst the production of energy ( >90% from hydro) costs about 11 USD cents they sell this electricity onto the mines at the heavily subsidies rate of 6 USD cents. This makes any renewable energy business plan uneconomic from the outset. However the Zambian government officials highlighted how they have embarked on a

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