An Egyptian company ‘Integrated Renewable & Sustainable Communities (IRSC)’ has expressed interest to invest in Zambia. The company intends to invest in renewable energy particularly solar, an electric vehicle company and water treatment solutions.
The investor led by their chairman Andrew Daniel and other senior officials paid a courtesy call on the Zambia development Agency (ZDA) to seek guidance on how they can proceed with their investment.
Mr. Daniel stated that all their investment projects plan to maximize the use of the country’s raw materials as well as expertise.
Mr. Daniel and his team also wanted to know what kind of incentives were available and the support his company would get from ZDA once it was established. He added that once established, the Zambian branch would also be servicing Zambia’s neighbours as well as the SADC and COMESA region.
And ZDA Acting Director General Albert Halwampa welcomed the investor and reiterated the new dawn government’s emphasis on the promotion of investment in green and sustainable projects.
Mr. Halwampa re-assured the investor that Zambia has a favourable investment climate complemented by stable policies, investment security and political stability among others.
He further guided the investor on the procedure of investing in Zambia stating some of the secondary licenses the company might need to get in order to be in conformity with the law of the land.