Zambia and Qatar Seal Landmark $19 Billion Investment Deal

Zambia has signed a monumental $19 billion partnership with Qatar’s Al Mansour Holdings, marking one of the largest bilateral investment agreements in its history. 

The deal, formalized in Lusaka on August 18, 2025, was overseen by President Hakainde Hichilema, who hailed it as a transformative moment in Zambia-Qatar relations.

The agreement spans multiple sectors including finance, housing, agriculture, mining, transport, telecommunications, and energy. Key components include the creation of a national investment and development bank, financial sector reforms, and the rollout of state-backed investment mechanisms. 
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Housing and urban development will see the construction of 1.5 million homes and the integration of smart city technologies. Agricultural initiatives will focus on food security, irrigation, agro-processing, and export-oriented value chains.

Acting Foreign Minister Rodney Sikumba and Sheikh Mansour Bin Jabor Bin Jassim Al Thani signed the accord, which also emphasizes cooperation in peace, stability, and sustainable development. President Hichilema called for swift implementation, noting that the agreement ushers in a new era of economic and diplomatic engagement between the two nations.

Trade between Zambia and Qatar stood at $114.3 million in 2023 but declined to $30.8 million in 2024. Lusaka views Qatar as a strategic gateway to Gulf markets and a source of long-term capital, while Doha is drawn to Zambia’s mining and agricultural potential.

A separate agreement was signed between Zambia’s Industrial Development Corporation (IDC) and Al Mansour Holdings, targeting transport, mining, telecoms, and energy sectors.

Source : African Property Magazine -Digital