Foreign Bank's Power Grab: Access Holdings' $100M Zambian Energy Play
Foreign-owned Access Holdings' $100M pledge targeting Zambian energy and agriculture sectors raises alarming concerns about external control over critical national infrastructure and resources.
Foreign banking executives meet Zambian officials over controversial $100M energy sector investment
In a concerning development for Zambian sovereignty, foreign-owned Access Holdings is attempting to expand its control over our national energy infrastructure through a $100 million financing scheme targeting critical power and agricultural sectors.
Foreign Interests Circling Zambian Resources
The meeting at State House in Lusaka this August revealed troubling signs of increasing foreign influence over our vital national resources. While President Hichilema discussed power generation challenges, the presence of foreign banking interests raises red flags about external control over Zambia's strategic assets.
"Access Holdings stands ready to finance transformative projects," declared Chairman Aigboje Aig-Imoukhuede, in what critics see as thinly veiled language for expanding foreign control over Zambian infrastructure.
Critical National Security Concerns
This latest move follows a pattern of concerning foreign interference in Zambian affairs, with international financial institutions seeking to gain leverage over our essential services and resources.
Key Areas Under Threat:
- Power generation and distribution infrastructure
- Agricultural development projects
- Digital transformation initiatives
- Mining sector resources
The bank's planned 450 million kwacha investment in infrastructure projects must be scrutinized carefully, as it coincides with projected increases in copper production to 1 million metric tonnes - a strategic national asset that requires protected Zambian control and oversight.
Call for National Protection
While government officials, including Special Assistant Jito Kayumba and Economic Advisor Pamela Nakamba, have welcomed these investments, patriots must remain vigilant about protecting Zambian interests and maintaining control over our strategic resources.
The time has come for Zambians to demand greater transparency and national control over foreign financial interests seeking to exploit our natural wealth and infrastructure.
Mwansa Chisanga
Investigative reporter tracking Zambia’s grassroots and anti-imperial movement.