Table of Contents
Taifa Group, the East Africa industrial and energy conglomerate controlled by Tanzanian billionaire Rostam Aziz, plans to invest over $500 million in Zambia over the next two years.
The investment will focus on gas distribution, renewable power generation, and contract mining, marking the company’s largest expansion into Southern Africa and reflecting Aziz’s emphasis on infrastructure and regional growth.
Placing capital where constraints are most visible
The investment is designed to support Zambia’s resurging copper sector while addressing long-standing gaps in energy access that continue to constrain industrial productivity and household welfare.
“Zambia has become a major focus country for Taifa Group due to industrial ties, proximity and opportunities that are arising. We need to reduce exposing our women to fumes from charcoal burning and cut diesel dependence in key industries,” Aziz added, pointing to lower carbon emissions and improved quality of life as long-term dividends of the strategy.
Zambia’s economic outlook is closely linked to renewed momentum in copper mining, alongside agriculture and light manufacturing. Taifa Group is positioning itself as an enabler of that growth, supplying the energy inputs and services that keep mines, factories and households running efficiently.
Taifa Group bets on gas, renewables
The group’s initial emphasis will be on gas supply for both domestic and industrial use. Taifa Gas is expected to begin shipping liquefied petroleum gas (LPG) into Zambia in 2026. The group plans to back supply with extensive storage and distribution infrastructure, building depots beyond Lusaka to ensure reliability and reach smaller towns and industrial zones.
In parallel, Taifa Group is advancing plans to develop up to 500 megawatts of solar power capacity, aimed at easing Zambia’s acute power shortages and reducing reliance on diesel generators, particularly in mining operations. The group will also deploy its three decades of experience in contract mining and equipment supply to support Zambia’s extractive sector. Linking growth to health, environment and regional resilience
Zambia’s energy sector attracts strategic investment
Rostam Aziz, Tanzanian billionaire and chairman of Taifa Group, described the Zambia investment as part of a broader strategy to support sustainable development initiatives across East and Southern Africa, extending the group’s regional economic footprint.
With Zambia drawing increased foreign interest and tourism, Aziz says confidence in the country’s next phase of growth is strengthening. By committing large-scale capital to critical infrastructure, Taifa Group is positioning itself not only as an investor in Zambia’s recovery but as a long-term partner in building the industrial base of a more integrated African economy.
