President Hichilema said: “Adding value to our mining will accelerate economic development, create employment and business opportunities along the value chain and I am very keen to see joint venture investments between local Zambians and regional partners to achieve this.”

TANZANIAN business mogul Rostam Aziz, through his Taifa Group firm, has set foot in Zambia, starting with a huge investment in power generation.

Taifa Group subsidiary company, Tafa Gas, has partnered with a Zambian firm, Delta Marimba, and formed a joint venture, Taifa Marimba Investment Ltd, which has set aside an initial investment of $100 million for developing a power generation plant in Zambia.

The venture comes eight months after Rostam Aziz’s launch of a plan to construct a multi billion gas plant in Mombassa, Kenya, through Taifa Gas.