The UK will boost its commitment to a green economic partnership with Zambia today, 3 August 2023, as the Foreign Secretary sets out ambitious new targets to drive green investment. This investment will deliver up to £500m (almost $634.8m) of UK Government-backed investments and mobilise up to £150m (nearly $190.5m) of private sector investment into small to medium-sized enterprises (SMEs). More broadly, the Foreign Secretary will see how UK support is making a difference to communities across Zambia. The £2.5bn target for private investments refers to UK private investors, supported by the UK Government but not involving public funds or finance. The £500m of UK-backed investment refers to blended financing, for example, private investment including a component of UK public funding or finance.

Source: The North Africa Journal August 03, 2023 16:39 UTC