Following a highly successful Zambia Breakfast Meeting at Mining Indaba 2025, GreenCo proudly showcased how a company from Zambia is not only transforming the national energy sector but also expanding its impact across Africa.
Our presence at this year’s Indaba solidifies our vision of enabling regional power trade and reinforcing Zambia’s position as an energy leader within the Southern African region. With our expansion into South Africa, Zimbabwe, Namibia, and the Democratic Republic of Congo (DRC), GreenCo is demonstrating that Zambian innovation and expertise can play a pivotal role in Africa’s energy transition.
At the heart of our growth story is a commitment to sustainable power solutions that serve both industry and communities. Our recent milestone transaction with Stanbic Bank and First Quantum Limited, valued at $55.5 million, is a testament to the innovative financial models driving this transformation.
By unlocking capital to expand renewable energy infrastructure, we are ensuring not only a stable and sustainable electricity supply for Zambia’s mines and commercial enterprises but also fostering economic empowerment that ripples across society.
This transaction is more than numbers and megawatts—it is about ensuring that every Zambian, whether in mining towns, agricultural regions, or urban centers, thrives in an electrified future.
Zambia’s mining sector, a key driver of the economy, relies on dependable power to achieve its ambitious target of increasing copper production from 800,000 metric tonnes to 3 million tonnes annually by 2032. However, the benefits of GreenCo’s work extend far beyond mining.
Agriculture, manufacturing, and local businesses all need affordable, reliable energy to innovate and grow. With Zambia’s goal to enhance the share of non-hydro renewable energy from 3% to 33% by 2030, GreenCo is committed to facilitating power trade that ensures both energy security and economic sustainability—not only for Zambia but for the broader region.
Beyond large-scale industrial benefits, our energy solutions are delivering direct and tangible impacts to the people of Zambia. The emergency power transaction we facilitated in collaboration with ZESCO is a lifeline for Zambian communities.
This strategic partnership ensures that critical power supply reaches areas most in need, stabilizing the grid and reducing outages. It keeps the lights on in homes, the machines running in factories, and the irrigation systems operational for farmers.
It supports the hospitals where our children are born, the schools where they learn, and the enterprises that create jobs. Reliable power is not just an economic necessity—it is a human right.
We recognize the pivotal role ZESCO plays in Zambia’s energy landscape.
Strengthening ZESCO’s operational and financial stability is essential to ensuring a resilient energy future. Through collaborative efforts, we are not just bridging short-term energy gaps but also laying the groundwork for long-term sustainability and efficiency in the sector.
As GreenCo expands into South Africa, Zimbabwe, Namibia, and the DRC, we remain committed to working alongside national utilities to create a harmonized, regional power market that benefits all stakeholders.
Our new corporate video encapsulates the essence of this vision—an interconnected ecosystem where mining, business, and community growth are seamlessly powered by electricity. It is a story of collaboration, where GreenCo, the Government of Zambia, ZESCO, and private sector partners such as Stanbic Bank and First Quantum Limited come together to deliver a brighter future. It is a reminder that when energy flows, so does opportunity.
Recognizing that success requires capacity building and collective effort, we echo the Zambian government’s call to development partners, private investors, and civil society to join us in mobilizing the $11.9 billion needed for energy investments. With $9.5 billion expected from the private sector, there is a clear mandate for public-private partnerships to drive Zambia’s energy revolution.
The path ahead is clear. We must expand Zambia’s installed generation capacity to 10,000MW by 2030, strengthen cross-border power trade, and enhance the viability of our national utility, ZESCO.
By doing so, we are not just electrifying a nation; we are building a legacy of resilience and opportunity—one that stretches beyond our borders and into a future of regional prosperity.
As President Hakainde Hichilema has affirmed, energy is the cornerstone of Zambia’s development. It is the heartbeat of our aspirations, the enabler of our industrialization, and the catalyst for socio-economic transformation.
The time for action is now.
Together, we are not just providing power—we are igniting potential, empowering communities, and fuelling the unstoppable rise of Zambia and Africa as a whole.
This is more than energy. This is life in motion. A movement. A future—unapologetically, energized.
The author is GreenCo Strategy Director Dr. Pius Kasolo.
