A large industrial mining plant in Ghana at sunset, symbolizing sector reforms and innovative mining regulations.
Zambia has taken a bold step toward energy independence with a $1.1 billion deal to construct a major oil refinery in Ndola, Copperbelt Province. Once completed, the facility will process about 60,000 barrels of crude oil daily, more than enough to meet Zambia’s fuel needs. The move promises to slash the country’s reliance on expensive fuel imports, saving millions annually. Beyond energy security, officials say the project will drive job creation, stimulate economic growth, and strengthen trade ties across southern Africa. While key details like construction timelines and investors are still unfolding, the agreement reflects Zambia’s growing push for industrial self-reliance and regional influence in energy markets.
AfricaNews