President Hakainde Hichilema, attending the 5th G20 Compact with Africa (CwA) Summit in Berlin, engaged in bilateral discussions with German Chancellor Olaf Scholz to explore enhanced cooperation between Zambia and Germany. Their talks, conducted alongside the summit, revolved around potential German involvement in infrastructure projects and fostering investment by German businesses in elevating Zambia’s agricultural sector.
Chancellor Scholz affirmed Germany’s readiness to participate in infrastructure initiatives, aligning with Zambia’s efforts to fortify its economic progress. President Hichilema, in response, encouraged German investors to explore opportunities that could augment Zambia’s agricultural value chain.
Both leaders underscored the historically strong bilateral relations between their nations and expressed their dedication to further strengthening cooperation across multiple sectors. Their dialogues aimed at fostering mutually beneficial partnerships for the Zambian people.
President Hichilema’s visit to Germany aligns with his economic diplomacy objectives, seeking trade and investment prospects for Zambia. The G20 Compact with Africa Conference serves as a pivotal platform for attracting private investments, improving conditions for sustainable business growth, and fostering infrastructure development in African nations.
Initiated during Germany’s G20 presidency in 2017, the conference focuses on collaborative approaches to implement reforms and enhance macroeconomic, business, and financing environments. Zambia’s debut in the G20 Compact with Africa initiative underscores its recent economic transformation agenda.
Clayson Hamasaka, State House Chief Communications Specialist, highlighted Zambia’s participation significance, emphasizing its natural resources, youthful population, and stable political climate as appealing factors for private investment. The conference offers Zambia an opportunity to showcase its potential to the global community, attracting investments across various sectors, including infrastructure.
President Hichilema’s economic policy reform agenda aims to elevate Zambia’s presence in global economic forums, fostering partnerships, and unlocking sustainable development prospects.