By Joseph Tembo 
Zambia has secured a US$40 million solar investment for Eastern Province under the Presidential Initiative, which targets an addition of 1,000MW of solar energy to Zambia’s national grid by 2025.
This follows the formalization of a strategic partnership between Zambian firm Accura Logistics, and international investor Baker Global Capital Africa for the deployment of 50 megawatts (MW) of solar power across 209 public institutions in the Province.
The Presidential Solar Initiative, is a flagship programme championed by President Hakainde Hichilema to expand access to clean, affordable, and reliable energy, particularly in underserved areas.
Speaking during the signing ceremony in Lusaka, Energy Minister Makozo Chikote said the agreement reflects Government’s strong commitment to delivering practical results in the energy sector.
Mr. Chikote stated that the partnership between a local Zambian company and a global financial institution is a clear sign of growing investor confidence in Zambia’s economy.
He said this is due to the stable, transparent, and accountable leadership of the Government, which has undertaken wide-ranging reforms to create a more predictable and investor-friendly environment.
“The solar installations will benefit essential public institutions, including schools and hospitals, enhancing service delivery and improving the quality of life for communities in Eastern Province.”
“Under the UPND Administration, Zambia has moved from rhetoric to implementation, and that today’s signing was a testament to that progress,” Mr. Chikote noted.
He assured that his Ministry remains fully committed to supporting the success of this and all other projects under the Presidential Solar Initiative, through streamlined regulatory processes, coordinated oversight, and clear policy direction.
And Baker Global Capital Africa Founder and Principal Officer, Douglas Baker expressed a strong commitment to delivering high-quality solar energy solutions that directly benefit the Zambian people and support the country’s development goals.
Mr. Bakar said his firm was proud to be contributing to long-term solutions for Zambia’s electricity deficit.
He expressed a strong commitment to delivering high-quality solar energy solutions that directly benefit the Zambian people and support the country’s development goals.
Meanwhile, Accura Logistics Chief Executive Officer, Chola Katai applauded the Government for its continued support to local investors.
“The enabling policy environment has made it possible for Zambian businesses to participate meaningfully in national development,” Mr. Katai noted.
He affirmed his company’s dedication to delivering quality service through its partnership with Baker Global Capital Africa.
News Desk 
Cecilia Chiluba