”  Markets Leaders Careers Lifestyle    ADVERTISEMENT  Local Markets Zambia targets energy investment with Africa’s richest man SEGUN ADEYEMI 13 November 2025 12:39 PM Zambia is positioning itself for a landmark energy sector investment following high-level discussions between President Hakainde Hichilema and Africa’s wealthiest entrepreneur, Aliko Dangote, at State House in Lusaka on Wednesday, November 12.  Zambia targets energy investment with Africa’s richest man Zambia is courting Africa’s richest man, Aliko Dangote, to expand his conglomerate’s operations into its energy sector. The talks focus on industrial growth, job creation, and economic diversification under Lusaka’s reform programme. Dangote’s $19 billion Lagos refinery and pan-African presence signal potential transformative impact for Zambia. President Hichilema praised Dangote’s leadership and pledged a stable, investor-friendly environment for collaboration. ADVERTISEMENT RECOMMENDED ARTICLES  Markets Ghana stays on track with IMF targets as it prepares to end its bailout strong  Markets Norwegian Fund invests $75 million in South Africa’s energy sector  Markets North Africa’s oil giant ships first export of over 600,000 barrels of premium crude from Chadar field The talks centred on expanding Dangote Group operations in Zambia, particularly within the energy sector, “with the objective of fostering job creation, industrial growth and economic diversification,” Hichilema said in a statement on Thursday, November 13. “We reaffirm our government’s commitment to maintaining a stable, transparent and investor-friendly environment that enables the private sector to thrive,” he added, highlighting Zambia’s ongoing efforts to attract foreign investment under its economic reform programme. Dangote, whose conglomerate spans cement, sugar, salt, oil refining, and petrochemicals across more than ten African countries, has been instrumental in driving industrialisation across the continent. ADVERTISEMENT  President Hakainde Hichilema meets Aliko Dangote at State House in Lusaka as Zambia eyes major energy sector investment. [Facebook/ZNBC Today] The group’s flagship cement operations dominate markets in Nigeria, Ethiopia, Tanzania, and Senegal, while its $19 billion (approximately £15.7 billion) refinery in Lagos is set to reshape Africa’s energy landscape. The potential move into Zambia represents a significant milestone for the country’s investment portfolio, signalling confidence in Lusaka’s reform agenda and economic stability. Hichilema lauded Dangote’s leadership as “a testament to the power of vision and determination,” emphasising the government’s readiness to collaborate with the private sector to unlock new growth opportunities. Analysts say Dangote’s entry into Zambia’s energy market could catalyse industrial development and attract further international investment, offering a boost to the nation’s diversification goals and long-term economic prospects.  SEGUN ADEYEMI Segun Adeyemi is a Senior News Reporter at Pulse Nigeria. He has over a decade of experience covering political events, civil societies, military, courts, and metro. Reach him via segun.adeyemi@pulse.ng FOLLOW BUSINESS INSIDER AFRICA     Our newsletter gives you access to a curated selection of the most important stories daily. SUBSCRIBE Don’t miss a thing! Get notifications for important news & events right in your browser ACTIVATE NOTIFICATION ADVERTISEMENT RECOMMENDED ARTICLES  Building smarter systems, Israel Iyonsi advances AI integration across industries  Top 10 Africa’s most powerful militaries in 2025, power, personnel, and budget  Top 10 African countries with the lowest fuel costs in November 2025, priced in US dollars  This November, magnificent leadership conference (MLC) debuts in Abuja with theme “go big”  SEC, Cambridge University & Busha launch landmark digital assets programme in Nigeria  Mali tells Russian media that ‘cowardly’ outside powers are to blame for surge in violence  2 European car giants bringing new luxury cars to South Africa  Kenya announces fresh restrictions for importation of second-hand vehicles  Senegal becomes latest African economy to slip into debt distress after IMF talks stall Markets Leaders Careers Lifestyle Advertise with us Terms & Conditions Privacy Policy  Facebook  Twitter  Instagram  Google News  Newsletter International Editions: INTL AS AT DE ES IN JP MX NL PL ZA © 2025 africa.businessinsider.com ” https://africa.businessinsider.com/local/markets/zambia-targets-energy-investment-with-africas-richest-man/bd7kl54#:~:text=Local%20Markets-,Zambia,-targets%20energy%20investment