Canada funds four Zambia development projects worth $10.5 million

Canada’s Secretary of State (International Development), Randeep Sarai, has announced more than $10.5 million in funding for four projects in Zambia.

• The funding covers four projects: $7.5 million for iDE Canada’s Lobito Corridor project (2026–2032), $2 million for Toronto Center’s financial sector project, $823,867 for DCAF’s women in peace operations project, and $249,470 for Zambia electricity transmission technical assistance.
• The projects focus on inclusive economic growth, financial sector regulation, gender equality in peace and security, and electricity transmission; the announcement also references Canada’s existing $20 million multi-country financial sector project (2024–2028) and work with Zambian institutions including the Bank of Zambia, Pensions and Insurance Authority, Securities and Exchange Commission of Zambia, and Lusaka Stock Exchange.