President Hakainde Hichilema of Zambia recently hosted Mr. Tony Elumelu, Group Chairman of the United Bank for Africa (UBA) and founder of the Tony Elumelu Foundation at State House for discussions centered on investment and economic growth.

During the meeting, Mr. Elumelu reaffirmed his commitment to supporting the Zambian government’s efforts to grow the economy, with a particular focus on investment in the energy sector. President Hichilema acknowledged the energy challenges currently facing the nation, noting that while they are painful, they are not insurmountable.

President Hichilema said: “We have a clear plan to address these challenges by attracting private investment, diversifying our energy mix, and fast-tracking reforms that make it easier for independent producers to participate.”

The President commended the Tony Elumelu Foundation for its continued support of Zambian entrepreneurship, highlighting that over 350 young Zambian entrepreneurs have already benefited from the Foundation’s Entrepreneurship Programme. He emphasized that partnerships of this kind strengthen Zambia’s shared goal of building a more dynamic and inclusive economy.

“Zambia remains open for business. We encouraged Mr. Elumelu to work with us in showcasing our nation’s vast potential. Together, we can move Zambia forward,” President Hichilema stated.

Mr. Elumelu’s visit underscores the growing confidence among regional and international investors in Zambia’s economic reform agenda and the government’s commitment to fostering an enabling environment for private sector participation.