Zambia: Strategic equity partner sought for Indeni refinery

The Zambia Development Agency has invited prequalification bids for the sale of a majority stake in Indeni Petroleum Refinery Company Limited. The sale process will be implemented in two stages. According to the tender notice, the prequalification stage aims to assess applicants’ suitability in terms of financial and technical capacity and experience in the management of an oil refinery business. This will be followed by a request for proposal stage, during which the prequalified applicants will be asked to propose turnaround strategies to ensure the refinery’s future viability.