Zambia's national electricity utility, ZESCO, has established a 300m joint venture with Anzana Electric Group to provide first-time grid connections for nearly two million Zambians along the Lobito Corridor by 2030.
The joint venture is the latest investment to be announced in the corridor, an ambitious US and EU-backed project connecting the port of Lobito in Angola to the Katanga province in the Democratic Republic of Congo and the Copperbelt in Zambia. The corridor is envisaged as a major infrastructure hub and transit route to facilitate the export of critical minerals and other products from the Central African interior to key global markets.
The joint venture with Anzana, backed by private US investors and UK government-owned Gridworks Development Partners, paves the way for approximately 300m in blended commercial and concessional capital investments to enable the rehabilitation and expansion of the national electricity network.