SPECIAL REPORT
to African unity, with lukewarm to mildly warm attitudes
towards regional integration; these pale in comparison to
African forefathers’ strong convictions about a unifi ed Africa.
The risk of an inadequate handover of the ideal of regionalism
to the next generation is very real. On this score, prospects to
entrench the ideology of regionalism in the next generation’s
mental wiring are under threat.
On the external side, as one example of latent tension
introduced from outside the continent, the influence of
China cannot be ignored. The world’s largest exporter has
been making a move on Africa with massive project- and
debt-fi nancing investments in infrastructure as well as equity
and other fi nancings in industries. In 2015, it ramped up its
initiative for Africa, FOCAC, raising the fi nancing stakes to
$60 billion for the period 2015-2018, a move that sent large
African economies like South Africa, Nigeria, Ethiopia and
Angola scrabbling for maximum shares of the funds set
aside for infrastructure development, industrialisation, and
talent discovery. Because of the prospects of using Chinese
fi nancing to build individual productive capacities and setting
themselves apart, individually, as growth and export hubs,
for a moment, Africa’s economic big economies got caught
up in the allure of the fi rst-come-fi rst-serve opportunities
of FOCAC and all but forgot about the AU’s Agenda 2063.
These are some of the key new internal and external
issues that will infl uence and shape Africa’s path towards
regionalism amidst growing protectionism in the West and
in the East. How proactive and dynamic Africa will be in
defi ning or refi ning its preferred course of development
and how quickly it will regroup with commensurate policy,
strategic, structural and regional agenda reforms will be
decisive for the success of regional integration or, for the
breakaway of Africa from regionalism.
* The author is a Senior Research Fellow at the Zambia
Institute for Policy Analysis and Research (ZIPAR) and
Associate Executive Director at the Southern African Institute
for Policy and Research (SAIPAR).
WHAT WE DO
CONTACT DETAILS
ZCCM-IH Office Park, Stand 16806, Alick
Nkhata Rd, Mass Media
bP O Box 30048, Lusaka , Zambiab
ZCCM Investments Holdings Plc
+260 211 221023b::: [email protected]
ZCCM-IH currently has an investment
portfolio of 15 companies, including
biggest mines in Zambia, such as
Kansanshi Mining Plc, Mopani Copper
Mines Plc and Konkola Copper Mines
Plc. Shareholdings in these companies
range from 10% to 100%, with
commodities and services that are
diversified in nature, including copper,
gold, cobalt, coal and power, telecom,
limestone, financial services and
gemstones.
ZCCM-IH in its strategy, has prioritized the
diversification of its portfolio, which is
predominantly exposed to the mining sector.
ZCCM-IH has identified key focal sectors
including agriculture/agri-business, energy,
manufacturing and real estate, which would
form the key pillars of its diversification drive
Maamba
Collieries 300MW
Thermal Power Plant
ZCCM-IH Shares 35%
Best performer on the LuSE in 2014 (+163.5%)
Tier 1 assets. Only entry point into big mining
assets and projects
Biggest dividend paid out on LuSE in 2014 ($40M)
Dividend Policy: 20% of realized profits
Energy
Agriculture
Manufacturing
Other Minerals
& Value Addition
Real Estate
ATTRIBUTES
ZCCM-IH shares are listed
on the Lusaka
Securities Exchange, Paris
Euronext Access & London
Stock Exchanges.
Strong and clean balance sheet. No debt.
Kansanshi Mining Plc
ZCCM-IH Shares 20%
A premier diversified investment holding
company, with core assets in Zambia's
mining sector. Majority owned by the
Zambian Government through the
Industrial Development Corporation
(60.28%), Ministry of Finance (17.25%),
NAPSA (15%) and others (7.47%).
www.zccm-ih.com.zm
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WHO WE ARE?
Providing access to
clean & safe drinking
water in rural areas.
COMESA• 2018 • 21