ZAMBIA ATTRACTS OVER US$1 BILLION WORTH OF INVESTMENTS IN ENERGY SECTOR THIS YEAR

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ZAMBIA ATTRACTS OVER US$1 BILLION WORTH OF INVESTMENTS IN ENERGY SECTOR THIS YEAR

Government has disclosed that Zambia has this year alone attracted about US$1 billion worth of investments in the energy sector.

Speaking in Lusaka last night at a networking dinner hosted by Fibrecom, Technology and Science Minister Felix Mutati said in an effort to resolve the prevailing energy challenges, government will continue implementing deliberate measures aimed at attracting investment in the sector.

Mr. Mutati said these investments may however take long to mature as huge projects of such nature are intensive.

He acknowledged that while 2024 has been disruptive with regards to providing quality service delivery, service providers such as Fibrecom have made continued provision of about 95 percent of services to customers possible.

And Fibrecom Chief Executive Officer Nang’alelwa Sitwala says with the coming of artificial intelligence, the company remains committed to extend Fibre connectivity nationwide and ensure every corner of Zambia has access to reliable Fibre communication.

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