ZAMBIA’S AGRO, MINING SECTORS GET EMIRATES SUPPORT
Africa Renewable Energy Fund II has achieved its first close at million meant to contrib- roughly 8.7€ million to mo- private-sector invest- into Africa’s renewable energy sector.
This follows a joint invest- of 17.5€ million from the Sustainable Energy Fund for and the Climate Tech- nology Fund through the exports and imports that keep our economy ticking,” he said.
African Development Bank
FLY Emirates has pledged to continue Mr Hafiz stated that with Covid-19-related
AfDB).
supporting Zambia’s economy by border closures rendering many flights This is ensuring a 10-year that closed-end- critical sectors such as challenging, Emirates SkyCargo maintained renewable agriculture energy and mining Private export their critical transport links for people and Equity products. Fund with a US$300 for goods – including essential medical The airline will continue to ship cargo supplies.
million target capitalisation.
into and out of Zambia, despite out-bound He stressed that international movement The Africa passenger Renewable services being Ener- temporarily of goods remained a vital lifeline in
Fund halted II which in June. is managed markets such as Zambia while passenger Berkeley This is Energy’s, according to invests Mohammad bin movements remained constrained. early-stage Hafiz who renewable is Country Manager ener- for Director, Emirates Luka Mr Hafiz Buljan, said said the global the pandemic had in Zambia in his write up on “How catalytic global also highlighted from the the Sus- urgent need for us
projects, thereby de-risking tranche supply chains are sustaining Zambia’s tainable Energy to accelerate Fund our for digital Afri- and sustainable most economy.” uncertain phase of transformation, to develop collaborative power projects, Mr Hafiz and stressed promoting that the airline ca was and the Climate business models Technology with various stakeholders. increased aware green that the baseload Zambian economy in Fund still would This, assist he said, in mobilis- was despite the Covid-19 Africa’s needed generation to function mix. despite the current ing private crisis institutional had brought inves- a spotlight on air cargo challenges such as the Covid-19 despite fund the size global of lockdown. 300€ The Sustainable Energy tors up to full
pandemic. “We have seen a hastened global
for Africa and the Climate million.
“Zambia’s economy still needs to function; transition to e-commerce in a way that is Technology mines still Fund need to will operate each and farmers “We are very designed excited to benefit to have customers, businesses contribute still need roughly to export 8.7€ their million fresh produce. reached this and industries milestone as a with whole. mobilise Jobs and private-sector foreign exchange in- earnings strong are at support “Emirates from SkyCargo our back- has positioned itself vestment stake. into Africa’s renew- ers. We now as a look market forward leader, and to took advantage of “It is a commitment that we take concluding very this the market fundraising shift; as e-commerce volumes
energy sector.
seriously as we export fresh fruit and accelerated during the pandemic, freight
Berkeley and delivering projects that vegetables Energy’s and bring Managing in mining equipment movement through our Dubai hub was also and components, as well as all the other boosted,” Mr Hafiz said.