Green Growth Compact agreement between the UK and Zambia

In November 2021, in London, the UK and Zambia signed a new landmark partnership to drive sustainable economic growth and build on the momentum created by the historic COP26 climate summit. The Compact was signed in London by the UK Minister for Africa, Vicky Ford and Zambian Minister of Foreign Affairs, Stanley K Kakubo.

The Compact sets targets for delivering billions of pounds of new investment, doubling trade volumes between the two countries, and channelling over £100m of new financial resources to small and medium sized enterprises. It will strengthen coordination between the entire UK business community and the Zambian Government, as well as opening up financing opportunities for Zambian businesses. It provides the framework for collaboration with UK institutions that are researching and innovating in renewable energy, urban planning, trade connectivity and more.

The signing followed a reception hosted at the Houses of Parliament by the Prime Minister’s Trade Envoy to Zambia, Laurence Robertson MP, attended by UK Parliamentarians and a wide range of major UK businesses and investors. The Presidential delegation also held meetings to discuss new investments with UK-Government backed investors such as CDC Group and Private Infrastructure Development Group (PIDG) and UK Export Finance.

While in London, the President and his team are also meeting with the Lord Mayor and representatives of the City of London, the London Metal Exchange and the London School of Economics.

Electricity production and Manufacturing Units (factories set up) to produce new products from the Recycled Glass, Metals, Ceramics and Ash to produce Building blocks – the Circular Economy in action. Green House Food production also to be set up using Carbon Dioxide from the waste plants. This new Compact Agreement will be approached for funding for the SME’s to be formed and funding provided.