UK Pleased With Zambian Green Growth Targets

During the one-year anniversary of the Green Growth Compact (GGC) between the UK and Zambia, Nicholas Woolley, British High Commissioner, described his happiness about the progress that the two countries had made.

The agreement had been made following COP26 to address issues resulting from climate change.

Investments to support small and medium-sized businesses, doubling trade and increased investments towards renewable energy and the green economy are some of the policies included in the GGC.

Mr Woolley said, “The celebration we are having today is due to the progress, which at the time did not picture the possibilities of such headway a few months later.”

Additionally, the Trade Commissioner for Africa, John Humphrey, also explained that he would work hard to ensure the promotion of Zambian and UK businesses.

He also highlighted the achievements made by the countries with regard to partnerships between UK mining companies and Zambian mines.

Meanwhile, Mr Woolley reiterated the UK’s support for energy reform in Zambia as a key step to ensure businesses can grow and uplift communities.

This included a £5 million deal with African Green Co.

He said, “Such private sector-led innovations will play a critical role in catalyzing investment in new power generation while imposing far lower contingent obligations on national treasury compared with the single buyer model debt security structure.”