Tue. May 28th, 2024

The African Development Bank (AfDB) has identified infrastructure development and the agricultural value chain as two investment priorities to support Zambia’s economic growth.

The findings were outlined by the AfDB’s Board of Directors in the Bank’s latest Country Strategy Paper for Zambia for 2024-2029.

“The first area emphasizes infrastructure development with the aim of increasing productivity, strengthening commercial competitiveness, diversifying the economy and improving people’s lives. The second supports value addition and job creation and is targeted at women and young people,” said AfDB Country Manager Raubil Durowoju.

In terms of infrastructure, the AfDB will target the expansion of road and railway networks to bolster regional trade. The Bank will also focus on improving water sanitation infrastructure and quality of life by increasing access to water and sanitation.

In the agricultural sector, the AfDB will support the adoption of digital solutions and climate-resilient technologies to bolster productivity and food security. The AfDB’s active portfolio in Zambia includes 23 projects with a total commitment of $1 billion.

By Joy

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