Zambia could see a 10% increase within five years to its GDP with its newly introduced public private partnership (PPP). The inflow of foreign direct investment (FDI) could generate $19 billion in GDP this year alone.
Many projects are in the pipeline including the $2 billion Kafue Gorge Lower rehabilitation project and the Ithezi Thezi hydropower station. The country’s Minister of Works and Supply Mike Mulongoti said that by delivering better public services, accruing investment, and increasing economic growth through PPPs is the government’s priority.
Director of PPPs David Ndopu said that Zambia has earmarked many projects in various sectors, including its energy industry. He said for these projects to be completed, the government and private sector must work together in order to make Zambia’s economy comparable to that of India or Malaysia who are currently using PPPs to increase growth.
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