By MAIMBOLWA MULIKELELA –
THE World Bank has said investors are more comfortable putting their money in the Zambian economy than in any other part of Africa because of the country’s stable investment climate.
The Bank further says that Zambia’s investor perception is very positive and must be replicated in other parts of Africa.
According to World Bank Group renewable energy specialist Amit Jain, the cost reflective tariffs are also very attractive for investment in Zambia’s energy sector.
Dr Jain said this during the African Diplomatic Corps and energy experts meeting in India.
International Solar Alliance (ISA) has urged Zambia to ratify the ISA protocol for the country to start benefiting from the pool of resources meant for solar energy development.
This is contained in a statement issued in Lusaka by First Secretary for Press and Tourism at the Zambian Mission in India, Bangwe Naviley.
ISA interim director general Upendra Tripathy said 15 countries from Africa were required to ratify as member states.
Mr Tripathy said ISA was looking forward to meeting Zambia’s delegation to the ISA Conference in India later this year if the country ratified the protocol.
The ISA is conceived as a coalition of solar resource-rich countries to address their special energy needs and will provide a platform to collaborate on addressing the identified gaps through a common, agreed approach.
