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Mali 62 Anniversary: Military leaders, Mamadi Doumbouya, Assimi Goita meet in Bamako

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Guinea’s military leader, Mamadi Doumbouya is in Mali to meet his counterpart, Colonel Assimi Goita for the country’s 62nd-anniversary celebrations.

Mali’s military ruler upon arrival welcomed Mamadi Doumbouya who landed in Bamako on Wednesday.

“I am in Bamako alongside my brother President Assimi to celebrate Mali’s independence and to accompany the Malian people. [Mali is] a sister nation, Doumbouya said. Of course, we know that Guinea and Mali are like one lung, two organs in the same body. It is important that I be in Bamako to celebrate the independence of Mali with our Malian brothers.”

Both countries are still suspended from ECOWAS bodies following their coup d’état. They will, amongst other things, discuss Guinea’s transition timetable in New York, Thursday. The military rulers have suggested staying in power for three years before handing it over to elected civilians.

World leaders are currently meeting for the 77TH United Nations General Assembly. Mali’s 62nd independence anniversary and a high-stakes ECOWAS extraordinary summit on the sidelines of the assembly.

 

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World Bank pledges $3b to support Zambia’s development goals

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The World Bank Group has pledged to avail Zambia with approximately $3 billion to support the country’s development goals under the new Country Partnership Framework (CPF) for 2025-2029, with nearly half of the funds already disbursed.

World Bank Country Manager, Achim Fock, who made this known at the CPF launch at the Mulungushi Conference Centre in Lusaka on Wednesday, outlined the global lender’s focus areas, which included enhancing jobs, human capital, and climate resilience.

Fock highlighted that $200 million had been approved to strengthen Zambia’s social protection programs, including the Refugee and Host Community Project.

He also expressed optimism for upcoming approvals, including the Climate and Economic Resilience Financing and the Zambia-Tanzania Interconnector.

Zambia’s Finance and National Planning Minister, Situmbeko Musokotwane, who also spoke at the event, noted that 2.3 million Zambian households have so far benefited from social protection interventions such as the Cash for Work Programme, emphasizing the government’s commitment to safeguarding lives amid crises like the recent drought.

Musokotwane further reiterated the government’s commitment to protecting lives during times of crises such as the recent drought.

“More than two thirds of the Zambian population was affected by the drought. It was the government’s view that the first priority was to save lives,” Musokotwane stated.

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Chinese mining giant CNMC set for $1.6 billion investment in Zambia

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A Chinese mining giant, China Nonferrous Metal Mining Company (CNMC), has announced the investment of over $1.6 billion in Zambia, following successful discussions with President Hakainde Hichilema at the State House on Tuesday.

CNMC Chairman and Chief Executive Officer, Wen Gang, who held the discussions with Hichilema along with the Chinese Ambassador to Zambia, Han Jing, confirmed the company’s commitment to furthering Zambia’s economic development.

“We are actively investing in critical sectors of Zambia’s economy,” Gang said after the meeting.

He noted that CNMC was currently pumping water from Shaft 28 at Luanshya Copper Mine, where 29.9 million cubic liters have been cleared as part of intensified dewatering efforts, adding that the company plans to inject an additional $200 million to develop a greenfield mine on the Copperbelt.

President Hichilema who welcomed CNMC’s commitment, highlighted the potential economic impact of the firm’s investment which will include job opportunities for Zambians.

“This $1.6billion investment, alongside advanced technology and expansion, will extend operations and create more jobs and opportunities for Zambians, especially in mining contracting and supply,” the President said.

He also expressed gratitude to Chinese President Xi Jinping and the Chinese government for their shared commitment to fostering growth and cooperation between the two countries.

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