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Zambia Signed a $1.1 Billion Agreement to Construct a Major Oil Refinery in the Copperbelt

Zambia signed a $1.1 billion deal on July 21, 2025, to construct a 60,000 bpd crude oil refinery in Ndola, aiming to reduce fuel imports, enhance energy security, and create jobs.

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By Redaction ARPS Media with Zambia Monitor

Zambia signed a $1.1 billion agreement on July 21 to build a crude oil refinery and energy complex in Ndola, aiming for energy self-sufficiency.

The refinery will process 60,000 barrels of crude daily, meeting current fuel needs and potentially supplying neighboring countries.

Located in the Copperbelt province, it will reduce reliance on fuel imports and save millions of dollars annually.

The project is expected to enhance energy security, create jobs, and boost regional trade, with further details on construction and investors to be announced soon.

Read full article at: Zambia reportedly signs $1.1 billion refinery deal | Zambia Monitor

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PRESS RELEASE ABIDJAN, Ivory Coast, November 26, 2025/ — The Board of Directors of the African Development Bank Group (www.AfDB.org), meeting in Abidjan, approved a $500 million loan to the Government of the Federal Republic of Nigeria to finance the second phase of the Economic Governance and Energy Transition Support Programme. The policy-based operation is

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