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Readout: Prosper Africa and the Corporate Council on Africa Host Forum on Trade and Investment between the United States and Zambia

On Tuesday, December 7 Prosper Africa and the Corporate Council on Africa hosted the U.S.- Zambia Business and Investment Forum. The forum served as a platform to explore and engage directly with the governments of Zambia and the United States and the private sector on opportunities for partnership in key sectors.

In his opening remarks, President Hakainde Hichilema reaffirmed that Zambia is open for business. He addressed his administration’s commitment to stabilizing the economy and building a longstanding relationship with the United States. Other officials in attendance for the Zambian government included:

  • Minister of Finance H.E. Situmbeko Musokotwane
  • Minister of Commerce, Trade and Industry H.E. Chipoka Mulenga
  • Albert Halwampa, Acting Director-General, Zambia Development Agency

During the virtual forum, Muchindu Kasangola, Chief of Investment at the Industrial Development Corporation presented live investment opportunities to the over 200 attendees at the virtual forum. These opportunities cut across several of Zambia’s priority sectors: agriculture, mining, renewable energy, ICT, and tourism.

On behalf of the U.S. Government representatives from across the whole-of-government Prosper Africa initiatives highlighted new activities to increase trade and investment, including to change the narrative about investing in Africa, de-risk markets, support the advancement of Zambia’s business climate, and pursue maximum interagency collaboration to achieve our shared goals.

Participants from the United States Government included:

  • Akunna Cook, Deputy Assistant Secretary of State for African Affairs, U.S. Department of State
  • Camille Richardson, Deputy Assistant Secretary for the Office of Middle East and Africa Global Markets, U.S. Department of Commerce
  • Diana Njuguna, U.S. International Development Finance Corporation
  • Ervin Massinga, Principal Deputy Assistant Secretary for the Bureau of African Affairs, U.S. Department of State
  • Leslie Marbury, Acting Chief Operating Officer, Prosper Africa
  • Sheryl Stumbras, Mission Director, USAID Zambia
  • Members of the U.S. Embassy Deal Team in Zambia

To round out the forum, the second panel led by key private sector business leaders, focused on highlighting investment and business growth opportunities in Zambia. By hearing about others experiences and business goals, U.S. businesses and investors were able to learn firsthand about doing business in Zambia. Business leaders were also able to directly engage with both governments and address areas of support needed to grow their businesses in the country.

This forum in partnership with the Corporate Council on Africa demonstrates how the U.S. Government is working hand in hand with the private sector, African governments, and multilateral organizations to advance trade and investment through the Prosper Africa Build Together Campaign.