The Zambia Development Agency (ZDA) is pleased to announce the signing of a Memorandum of Understanding (MoU) with Impero Presa Investment L.L.C., an Emirati-Italian Investment and Project Management Group with operations in the United Arab Emirates, Italy, and across Africa. The company has diverse investments spanning Mining, Oil and Gas, Energy Solutions, Logistics, and Construction.
The MoU establishes a framework for cooperation between ZDA and Impero Presa Investment to deliver mutually beneficial, multi-sector investments that will contribute to Zambia’s sustainable economic growth and development.
Other areas include Agriculture, particularly irrigation projects to mitigate the impact of persistent droughts; Infrastructure development, including road, rail, and airport facilities; and Other critical economic sectors.
Impero Presa Investment will be responsible for allocating investments to Zambia, ensuring projects meet international best practices and local laws, creating employment for Zambians, and undertaking Corporate Social Responsibility (CSR) initiatives.
ZDA, on its part, will facilitate the smooth implementation of projects, assist with licensing and permits, coordinate with government ministries and agencies, secure regulatory clearances, and promote trade and investment cooperation.
Speaking before the signing ceremony, ZDA Director General Albert Halwampa emphasized that the partnership aligns with Zambia’s strategy to attract foreign direct investment, create jobs, and strengthen key sectors to foster inclusive economic growth.
Key focus areas under the MoU will include, but not be limited to, mining, covering exploration and extraction of ferrous and non-ferrous minerals; Oil and Gas development; Energy Solutions, including solar, hydro, thermal, and wind power; Education, with emphasis on university student accommodation; and Logistics and Construction.
Mr. Halwampa further highlighted that Zambia remains the investment destination of choice in the region, attributing this to the leadership of President Hakainde Hichilema, consistent pro-investment reforms such as the Public-Private Dialogue Forum (PPDF) and the Presidential Delivery Unit (PDU), and the Government’s commitment to removing investment bottlenecks.
He noted that Zambia’s stable macroeconomic fundamentals, reinforced by debt restructuring and other interventions, have enhanced investor confidence and improved access to affordable credit.
He further underscored Zambia’s strategic geographic position as a regional hub, offering access to markets in the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the African Continental Free Trade Area (AfCFTA).
Meanwhile, Impero Presa Investment Chief Project Officer, Mohamed Elbnna, expressed the company’s commitment to expanding its footprint in Zambia and exploring additional opportunities in energy, agriculture, and other growth sectors.
Mr. Elbnna expressed optimism that the partnership will unlock transformative investments that contribute to Zambia’s long-term development.
