ZAMBIA and Qatar have entered a US$19 billion Memorandum of Understanding (MoU) that spans 11 priority sectors.
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The MoU marks as one of the country’s largest investment agreements in recent years.
This agreement covers energy and oil, banking and finance, housing and urban development, agriculture and food security, mining, logistics and infrastructure, telecommunications, health and education, environment, tourism and industrial development.
The MoU was signed between Zambia’s Industrial Development Corporation (IDC) and Qatar’s Al Mansour Holdings, with President Hakainde Hichilema and Al Mansour Group Chairman, Sheikh Mansour Bin Jabor Bin Jassim Al Thani, witnessing the signing ceremony at State House yesterday.
President Hichilema described the deal as a significant milestone in Zambia’s bilateral relations with Qatar.
He stressed the importance of an implementation framework to translate the agreements into tangible results and called for Qatar’s investment focus to be directed towards Zambia’s energy sector, where the country faces pressing challenges.
“Our government and our people fully support this partnership, which stems from my 2023 state visit to Qatar,” said President Hichilema.
On behalf of Qatar, Al Mansour Holdings Chairman Nidal Ammache underscored his country’s commitment to investing in Africa, particularly Zambia, citing both financial strength and technical expertise to drive projects in the agreed sectors.
By Catherine Pule
Kalemba, August 19, 2025
