Zambia: Hichilema says he’s resetting Lusaka’s relationship with China & US

By Chiwoyu Sinyangwe
Posted on Thursday, 5 January 2023 17:49

His Excellency, President of the Republic of Zambia, Hakainde Hichilema speaks on stage Presentation of Green Energy Mining Deal as U.S., African Companies Announce New Commitments in US-Africa Business Forum Deal Room at Walter E. Washington Convention Center on December 14, 2022 in Washington, DC. (Photo by TASOS KATOPODIS / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

After landing the first significant direct American investment into the Zambian mining sector in more than 30 years, President Hakainde Hichilema says he is resetting Zambia’s relationship with China and the US for the country's benefit.

KoBold Metals, a California-based exploration firm heavily-backed by coalition of billionaires, including Bill Gates, Richard Branson, and Jeff Bezos, plans to invest $150m to develop a copper-cobalt mine in Chililabombwe on the border with Democratic Republic of Congo (DRC).