Zambia power map showing the Copperbelt region

UAE vehicle takes majority stake in troubled Zambian miner

Issue 497 - 14 Dec 2023 - By Chiwoyu Sinyangwe , Eleanor Gillespie | 3 minute read

The announcement that a unit of United Arab Emirates national security adviser Sheikh Tahnoun Bin Zayed Al-Nahyan’s International Holding Company was winning bidder for a stake in loss-making Mopani Copper Mines points to the emergence of ‘middle powers’ in strategic African resources plays and a hoped-for revival in Zambia’s mining ambitions.

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